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You are an expert quantitative crypto analyst. Your tasks:
1) Analyze the context and decide an actionable stance for BTC-USD: BUY, SELL, or HOLD.
2) Forecast the NEXT 10 daily CLOSING prices (USD).
CONTEXT DATE: 2024-05-20
YOU ARE GIVEN
• Key news/social snippets (today),
• Last 60 daily BTC closes,
• Macro & commodities,
• On-chain & market metrics,
• LLM sentiment label,
• One past-60d article for broader context.
ANALYSIS PLAYBOOK (APPLY INTERNALLY)
• Trend/Momentum: infer 7–14d vs 30–60d direction/strength from closes.
• Volatility/Mean-Reversion: respect 14d realized volatility proxy and recent average absolute change; avoid unrealistic jumps unless strongly justified by the news.
• Regime: combine price behavior, Fear & Greed, and sentiment to infer risk-on/off tilt.
• Macro Links: gold/oil directional hints only (inflation/liquidity/energy tone) if relevant.
• On-Chain: rising hash/tx/unique addresses are supportive if aligned with trend; otherwise weak.
• Event Awareness: if catalysts are hinted (policy meetings, ETF decisions, unlocks), reflect plausible drift without overreaction.
• Data Hygiene: treat 'N/A' as missing; do NOT invent values; lean on price/vol when context is sparse.
REALISM CONSTRAINTS
• Prices must be positive; day-to-day changes plausible vs recent volatility.
• Forecasts need not be monotonic.
• ‘Day 1’ = the first market day AFTER the context date.
STRICT OUTPUT FORMAT (JSON ONLY)
Return a single JSON object with EXACTLY these keys in this order:
{"action":"BUY|SELL|HOLD","confidence":<int 1-99>,"stop_loss":<price 2dp>,"take_profit":<price 2dp>,"forecast_10d":[<10 prices 2dp>]}
No extra text, no units, no comments, no code blocks.
|
Daily Context — 2024-05-20
[Price Snapshot from Last 60 Closes]
- Last Close: $66,278.37
- Range (60d): $58,254.01 → $71,631.36
- 1D %: -0.99%
- 7D %: 7.86%
- 30D %: 3.81%
- Realized Vol Proxy (14d, stdev of % closes): 2.90%
- Avg Abs Change (14d, USD): 1340.30
- Drawdown from 60d Max: -7.47%
[Raw 60-Day Close Series (USD)]
[65491.39, 63778.76, 64062.20, 67234.17, 69958.81, 69987.84, 69455.34, 70744.95, 69892.83, 69645.30, 71333.65, 69702.15, 65446.97, 65980.81, 68508.84, 67837.64, 68896.11, 69362.55, 71631.36, 69139.02, 70587.88, 70060.61, 67195.87, 63821.47, 65738.73, 63426.21, 63811.86, 61276.69, 63512.75, 63843.57, 64994.44, 64926.64, 66837.68, 66407.27, 64276.90, 64481.71, 63755.32, 63419.14, 63113.23, 63841.12, 60636.86, 58254.01, 59123.43, 62889.84, 63891.47, 64031.13, 63161.95, 62334.82, 61187.94, 63049.96, 60792.78, 60793.71, 61448.39, 62901.45, 61552.79, 66267.49, 65231.58, 67051.88, 66940.80, 66278.37]
[Macro & Commodities]
- Gold Close: $2,433.90
- Crude Oil Close: $79.80
[On-Chain & Market Metrics]
- Market Cap: $1,318,998,721,893.75
- Hash Rate: 644799036.29
- Difficulty: 83148355189240
- Transactions: 626995
- Unique Addresses: 482108
- Estimated TX Volume (USD): $7,022,731,812.54
- Total Supply (BTC): 19700956
[Sentiment & Regime Hints]
- Fear & Greed Index: 0.70
- LLM Sentiment Class: neutral
- CBBI (if present): 0.72
[Today’s Key News — top snippets]
The price ofBitcoin (BTC)has solidified its position above the crucial support level of $66,000, leading some crypto traders to express confidence and optimism about BTC. Some even cast doubt on an imminent deep correction, proclaiming that a local bottom has already been formed. BTC is currently trading at $67,188, gaining 10.2% over the past 7 days and 4.73% over the past 30 days.
Pseudonymous trader, Rekt Capital,observedthat BTC has already experienced a deep and prolonged correction, and the market is likely approaching its bottom. According to CoinMarketCap data, Bitcoin's price dropped by 15% from $66,421 on April 24 to $56,792 on May 2. However, just four days after the dip, Bitcoin's price rebounded above the critical support level at $65,146. This pattern is seen as common during bull runs, where sudden and sharp corrections are followed by quick recoveries.
Crypto trader Magsreferredto the "Psychology of a Market Cycle," a popular market graphic known as the Wall Street Cheat Sheet, to suggest that Bitcoin is entering the "belief" phase of the cycle. This phase is characterized by investors gaining more confidence in market gains.
Analysts and observers are closely monitoring Bitcoin's price for signs of further correction, particularly following the Bitcoin halving event on April 20. Historical halving events serve as a precedent for such analysis. After the Bitcoin halving in May 2020, the price surged from $9,383 to $58,958 by May 2021. However, a month later, it experienced a 40% correction, dropping to $35,484 in June. || The price ofBitcoin (BTC)has solidified its position above the crucial support level of $66,000, leading some crypto traders to express confidence and optimism about BTC. Some even cast doubt on an imminent deep correction, proclaiming that a local bottom has already been formed. BTC is currently trading at $67,188, gaining 10.2% over the past 7 days and 4.73% over the past 30 days.
Pseudonymous trader, Rekt Capital,observedthat BTC has already experienced a deep and prolonged correction, and the market is likely approaching its bottom. According to CoinMarketCap data, Bitcoin's price dropped by 15% from $66,421 on April 24 to $56,792 on May 2. However, just four days after the dip, Bitcoin's price rebounded above the critical support level at $65,146. This pattern is seen as common during bull runs, where sudden and sharp corrections are followed by quick recoveries.
Crypto trader Magsreferredto the "Psychology of a Market Cycle," a popular market graphic known as the Wall Street Cheat Sheet, to suggest that Bitcoin is entering the "belief" phase of the cycle. This phase is characterized by investors gaining more confidence in market gains.
Analysts and observers are closely monitoring Bitcoin's price for signs of further correction, particularly following the Bitcoin halving event on April 20. Historical halving events serve as a precedent for such analysis. After the Bitcoin halving in May 2020, the price surged from $9,383 to $58,958 by May 2021. However, a month later, it experienced a 40% correction, dropping to $35,484 in June. || • 10x Research suggests selling out-of-the-money (OTM) call and put options tied to bitcoin while holding the cryptocurrency in the spot market.
• The so-called covered strangle strategy will generate a 17% yield, in addition to the upside from the spot market holding
Bitcoin {{BTC}} investors looking to generate extra income in addition to their spot market holdings should consider setting a "covered strangle" options strategy, research firm 10X, which has animpeccable recordof predicting market trends, said Monday.
The 'covered strangle' strategy involves holding the underlying asset in the spot market and simultaneously selling an out-of-the-money (OTM) call option at levels (known as strikes in options parlance) above the underlying asset's going market rate and selling an OTM put at strikes below the underlying's spot market price.
The premium received for selling/shorting the call option, or protecting the counterparty from price rallies, and selling the put or insurance against downtrends, represents the extra yield.
10x suggests selling a $100,000 strike call, which is 50% above BTC's current market price, and a $50,000 strike put, both expiring in December 2024, while holding the cryptocurrency in the spot market.
"Our favorite strategy is to buy bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry. Selling the call could yield 11%, and selling the put could yield 6%," Markus Thielen, founder of 10x Research, said in Monday's client note, detailing the suggestion.
"Hence, this strategy provides us with either a 17% downside buffer or 17% more yield, depending on where BTC closes in December, plus we would capture all the upside (or downside) for bitcoin," Thielen added.
The strategy is preferred when the market outlook is bullish, but the uptrend is expected to unfold slowly, keeping implied volatility or investors' expectations for price turbulence low. In such conditions, options, particularly OTM call and put options, bleed value faster as expiry nears, making money for sellers.
The strategy, though appealing, is now without risks and requires a high tolerance for risk. That's because the risk is leveraged below the level at which the put option is sold, in this case, $50,000.
"Below the lower strike price, both the long stock and short put incur losses, and, as a result, percentage losses are twice what they would be for a covered call position [buy spot = sell OTM call] alone," Fidelity said in a 'covered strangle"explainer.
In other words, 10x's strategy is for those who believe bitcoin's bull market will progress slowly and corrections, if any, will not see prices drop below $50,000. As of writing, bitcoin changed hands at $67,170, representing a 58% year-to-date gain,CoinDesk data show.
Several analysts, including Thielen and Arthur Hayes, former CEO of crypto exchange BitMEX, expecta slow grind higher. || • 10x Research suggests selling out-of-the-money (OTM) call and put options tied to bitcoin while holding the cryptocurrency in the spot market.
• The so-called covered strangle strategy will generate a 17% yield, in addition to the upside from the spot market holding
Bitcoin {{BTC}} investors looking to generate extra income in addition to their spot market holdings should consider setting a "covered strangle" options strategy, research firm 10X, which has animpeccable recordof predicting market trends, said Monday.
The 'covered strangle' strategy involves holding the underlying asset in the spot market and simultaneously selling an out-of-the-money (OTM) call option at levels (known as strikes in options parlance) above the underlying asset's going market rate and selling an OTM put at strikes below the underlying's spot market price.
The premium received for selling/shorting the call option, or protecting the counterparty from price rallies, and selling the put or insurance against downtrends, represents the extra yield.
10x suggests selling a $100,000 strike call, which is 50% above BTC's current market price, and a $50,000 strike put, both expiring in December 2024, while holding the cryptocurrency in the spot market.
"Our favorite strategy is to buy bitcoin Spot, Sell 100,000 strike call, and Sell 50,000 strike put for the December 2024 expiry. Selling the call could yield 11%, and selling the put could yield 6%," Markus Thielen, founder of 10x Research, said in Monday's client note, detailing the suggestion.
"Hence, this strategy provides us with either a 17% downside buffer or 17% more yield, depending on where BTC closes in December, plus we would capture all the upside (or downside) for bitcoin," Thielen added.
The strategy is preferred when the market outlook is bullish, but the uptrend is expected to unfold slowly, keeping implied volatility or investors' expectations for price turbulence low. In such conditions, options, particularly OTM call and put options, bleed value faster as expiry nears, making money for sellers.
The strategy, though appealing, is now without risks and requires a high tolerance for risk. That's because the risk is leveraged below the level at which the put option is sold, in this case, $50,000.
"Below the lower strike price, both the long stock and short put incur losses, and, as a result, percentage losses are twice what they would be for a covered call position [buy spot = sell OTM call] alone," Fidelity said in a 'covered strangle"explainer.
In other words, 10x's strategy is for those who believe bitcoin's bull market will progress slowly and corrections, if any, will not see prices drop below $50,000. As of writing, bitcoin changed hands at $67,170, representing a 58% year-to-date gain,CoinDesk data show.
Several analysts, including Thielen and Arthur Hayes, former CEO of crypto exchange BitMEX, expecta slow grind higher. || • ETH and BTC are trading flat as Asia's business week opens.
• Traders are looking at the ETH ETF decision, and Nvidia earnings this week.
The crypto market was listless early Monday, with bitcoin {{BTC}}, the biggest digital asset market by value, trading flatat $67,156and ether {{ETH}} changing hands at $3,127, according toCoinDesk Indices data.
The consolidation follows a week of bullish action triggered by renewed optimism about a U.S. rate cut and the rally in stocks.
Things could soon get busier again with the first decisions for ether exchange-traded funds (ETFs) due. The Securities and Exchange Commission is set to weigh in on VanEck's ether exchange-traded fund (ETF) on May 23 and the Ark/21 Shares one on May 24, as well as Nvidia earnings.
March Zheng, managing partner of Bizantine Capital, told CoinDesk in an interview that while the market has priced near the certainty of a rejection, there are still some reasons to be optimistic.
"There are reasons to believe that the report will contain silver linings for the delay, which should signal an eventual approval of Ethereum in the next year," Zheng said. "Theremoval of staking prepositions by filersreclassifies underlying ETH as commodities supported by the CFTC and can pave a major pathway going forward."
Polymarket currently givesa 10% chanceof an ether ETF being approved by May 31, a13% chanceof approval by June 30,and a 28% chanceof approval this year.
Recently, Coinbase analyst David Hanwrote that the marketmay be "underestimating the timing and odds of a potential approval."
Zheng argued that positive ETH ETF news might also boost trading sentiments for BASE, a Layer-2 network, whose native token's price hasdropped by nearly 25%in the last two weeks.
Traders are also going to be eyeing Nvidia's earnings, scheduled for Wednesday.
Bitcointradesstrongly in correlation with Nvidia, as do Artificial intelligence-themed tokens, which surged in February as the chip designerreported better-than-expected earnings.
The direct correlation between Nvidia and ether market movementisn't as strongas it once was during the mining boom. Still, the rising tide of bitcoin and AI tokens – should Nvidia's earnings remain strong – will likely lift all boats. || • ETH and BTC are trading flat as Asia's business week opens.
• Traders are looking at the ETH ETF decision, and Nvidia earnings this week.
The crypto market was listless early Monday, with bitcoin {{BTC}}, the biggest digital asset market by value, trading flatat $67,156and ether {{ETH}} changing hands at $3,127, according toCoinDesk Indices data.
The consolidation follows a week of bullish action triggered by renewed optimism about a U.S. rate cut and the rally in stocks.
Things could soon get busier again with the first decisions for ether exchange-traded funds (ETFs) due. The Securities and Exchange Commission is set to weigh in on VanEck's ether exchange-traded fund (ETF) on May 23 and the Ark/21 Shares one on May 24, as well as Nvidia earnings.
March Zheng, managing partner of Bizantine Capital, told CoinDesk in an interview that while the market has priced near the certainty of a rejection, there are still some reasons to be optimistic.
"There are reasons to believe that the report will contain silver linings for the delay, which should signal an eventual approval of Ethereum in the next year," Zheng said. "Theremoval of staking prepositions by filersreclassifies underlying ETH as commodities supported by the CFTC and can pave a major pathway going forward."
Polymarket currently givesa 10% chanceof an ether ETF being approved by May 31, a13% chanceof approval by June 30,and a 28% chanceof approval this year.
Recently, Coinbase analyst David Hanwrote that the marketmay be "underestimating the timing and odds of a potential approval."
Zheng argued that positive ETH ETF news might also boost trading sentiments for BASE, a Layer-2 network, whose native token's price hasdropped by nearly 25%in the last two weeks.
Traders are also going to be eyeing Nvidia's earnings, scheduled for Wednesday.
Bitcointradesstrongly in correlation with Nvidia, as do Artificial intelligence-themed tokens, which surged in February as the chip designerreported better-than-expected earnings.
The direct correlation between Nvidia and ether market movementisn't as strongas it once was during the mining boom. Still, the rising tide of bitcoin and AI tokens – should Nvidia's earnings remain strong – will likely lift all boats. || By Elizabeth Howcroft
LONDON (Reuters) - Global venture capital investment in crypto companies rose to $2.4 billion in the first three months of 2024, data showed on Monday, in a tentative sign that investor interest is returning.
Crypto venture capital flows peaked at $11.1 billion in the first quarter of 2022, before seven consecutive quarters of declining volumes, with just $1.7 billion in the last quarter of 2023, data from PitchBook showed.
"The crypto industry is still in its early stages, and there is a lot of room for growth and innovation," PitchBook senior analyst Robert Le said in a report.
"Barring any major market downturns, we expect the volume and pace of investments to continue increasing throughout the year," he added.
A combination of low interest rates and high risk appetite had fuelled the crypto industry to explosive growth in 2020 and 2021, but a series of bankruptcies at major crypto firms in 2022 spooked investors and sent the price of bitcoin plummeting.
Investors who had backed U.S. exchange FTX were forced to write down their investments to zero, while millions of people were left out of pocket as various crypto platforms stopped allowing withdrawals.
Over the last year, some investors have become more confident about crypto, helped by U.S. regulators at the start of 2024 approving exchange-traded funds tracking bitcoin's spot price.
Bitcoin has steadily recovered from 2022's lows, hitting a fresh all-time high of $73,803.25 in March - although it has since struggled for direction.
(Reporting by Elizabeth Howcroft; Editing by Tommy Reggiori Wilkes and Susan Fenton) || Chicago, IL – May 20, 2024 – Today, Zacks Investment Ideas feature highlights Coinbase Global COIN, Cleanspark CLSK, Platforms Inc. RIOT, iShares Bitcoin Trust IBIT and Grayscale Bitcoin Trust ETF GBTC.
Broad stock market indexes have again made new all-time highs this week, confirming the current bull market. The ~6% pullback seen in the S&P 500 in April was as generic as a bull could have asked for, and the strong snapback to new highs should encourage investors looking to add risk to their portfolios.
Although I was exclaiming on the way down that this would be a fantastic buying opportunity, if you didn’t buy on the way down there is no need to fret because I believe we are on the cusp of another big bull run.
If that is indeed the case and investors are back to risk-on mode, there is one approach that is going to practically guarantee outperformance.
For the last year or so, Bitcoin has acted as a proxy for risk, and been tightly correlated with US equities, especially technology stocks. Although correlations do come and go, as of now this one is still strong and for every 1% stocks gain, Bitcoin can jump 3-5%.
On Wednesday of this week, the price of Bitcoin clearly broke out from a bullish wedge/flag pattern. This would be the third such breakout in the cryptocurrency since October, so it fits within the standard bullish action.
Of course, you can go ahead and buy Bitcoin on the spot market, but another way to hitch a ride on this trend is withCoinbase Global.
Coinbase is the leading cryptocurrency brokerage in the US, and primary access point to the crypto ecosystem for retail and some institutional investors. Coinbase Global crushed its most recent quarterly earnings expectations, driven by the growing trading activity in Bitcoin and other cryptos.
Earnings estimates have rocketed higher in the last two months, with FY24 climbing from $1.57 per share to $7.18 per share! Not surprisingly, this has earned the stock aZacks Rank #1 (Strong Buy)rating.
Like the underlying, Coinbase stock is also forming a compelling technical chart pattern. This descending wedge is a formation that COIN is familiar with, and if the stock can trade above the $220 level, it would signal a breakout.
A powerful breakout, with accompanying volume should send the stock to new highs.
Another way to get exposure to Bitcoin in the stock market is through cryptocurrency miners.Cleansparkis a highly volatile miner, but potentially lucrative way to play the Bitcoin theme.
While Cleanspark is a less followed name than some of the other crypto miners likeRiot Platforms Inc., I believe that Cleanspark is showing more promise in the near future.
Over the 3 months, 6 months, 12 months, and YTD, Cleanspark has considerably outperformed both Marathon Digital and Riot Platforms and is actually the only one of the group with positive returns YTD. This relative strength shows considerable bullishness.
Additionally, Cleanspark has seen some heft revisions higher to its earnings estimates, giving it aZacks Rank #2 (Buy)rating. FY25 earnings have been revised higher from $0.04 per share to $1.86, an incredible 4,550%.
Like Coinbase and Bitcoin itself, Cleanspark stock is building a convincing technical pattern. A breakout from this very broad bull flag should send the stock higher. The breakout level is $17.70.
Alternatively, if you want direct exposure to Bitcoin, while using exclusively the stock market, theiShares Bitcoin TrustETF is a fantastic way to do so. Although the ETF does not currently have Zacks Rank coverage, I believe it to be the best Bitcoin ETF on the market.
IBIT has the second largest assets under management, second toGrayscale Bitcoin Trust ETF, but has considerably lower fees. GBTC has an annual fee of 1.5%, while IBIT is just 0.25%.
For investors who are looking to add some high-flying stocks to their portfolios, and are also willing to stomach some additional volatility for those returns, Bitcoin and related stocks are a worthwhile consideration.
With the large upgrades in brokerage and mining stock, along with the bullish chart setups, now appears to be a timely opportunity to jump in.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Grayscale Bitcoin Trust ETF (GBTC): ETF Research Reports
Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report
Cleanspark, Inc. (CLSK) : Free Stock Analysis Report
Coinbase Global, Inc. (COIN) : Free Stock Analysis Report
iShares Bitcoin Trust (IBIT): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research || View a video showcasing TeraWulf’s nuclear-powered Bitcoin mining facilities in the video player above.
COLUMBUS, Ohio (WCMH) — As AEP Ohio applies with a state regulator for tariffs and discounts for business customers’ increasing electricity demand, it has mentioned that cryptocurrency miners are moving into its service area.
AEP Ohio’s Vice President of Customer Service Lisa Kelso highlighted the clients, more commonly known for mining Bitcoin, as she described a shift toward IT industries — miners and data centers included — becoming the utility provider’s “largest load.”
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“Because cryptocurrency mining is an energy-intensive process that consumes significant electricity and creates a large amount of heat, Ohio’s cooler climate for much of the year is attractive to miners who need to cost-effectively keep their computers operating at moderate temperatures,” Kelso wrote. “Multiple cryptocurrency miners have located on or near former utility generation station sites that have been abandoned after deregulation in Ohio because access to transmission capacity is readily available and cryptocurrency mining sites do not need to be near other load or population centers.”
Kelso’s testimony was part of AEP Ohio’s request for two new tariffs, one targeting data centers with more than 25 megawatts of demand and the other focusing on cryptocurrency miners with more than one megawatt of demand. The power company argued it needs them to pressure the two types of customers to use a promised level of electricity if AEP Ohio builds nearby infrastructure to meet their power demands.
The data center tariff would apply a “minimum billing demand of no less than 90%” of its contract capacity, or highest monthly transmission billing demand. The tariff targeting crypto miners would change that percentage to 95%.
Large-scale operations, similar to the nuclear-powered farmconnected to Ohio State’s president, are basically a necessity for mining Bitcoin, the oldest and most valuable cryptocurrency. In these facilities, specialized computers perform the complex math calculations required to run the network’s transactions in exchange for Bitcoin to call their own.
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NBC4 asked AEP Ohio’s communications team for more information about the miners that Kelso mentioned in five separate paragraphs. They would not share the total number of clients in that category but described them in smaller terms.
“The growth in data center power demand in Central Ohio is driven mainly by data centers engaged in ‘non-crypto’ activities such as cloud computing and artificial intelligence, not by data centers engaged in cryptocurrency mining operations. … Less than 10% of this increased power demand in Central Ohio is from data centers AEP Ohio knows to be conducting cryptocurrency mining operations,” a spokesperson wrote. “Outside of Central Ohio, AEP Ohio has signed ESAs approximately 200 MW of power demand from cryptocurrency mining operations.”
To put that amount in perspective, 200 megawatts of power demand is equal to the miners’ facilities drawing a maximum 200,000 kilowatts of power at any given time. AEP Ohio has said in the past that its average residential customer — currently seeing theirhighest bills in a decade— uses 1,000 kilowatt-hours of electricity in a month. But it’s not possible to do a direct comparison, because the two types of customers have very different bills. Kilowatts are not the same as kilowatt-hours.
“AEP Ohio’s residential customers have energy (kWh) charges but do not have demand (kW) charges,” a spokesperson wrote. “For very large customers like data centers that shop for energy supply … their charges from AEP Ohio are predominantly demand (kW) charges with only a small energy (kWh) component.”
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Separate from mining companies, researchers have already voicedenvironmental concernsabout data centers’ similar electricity usage. Ohio State University professor Jeff Bielicki said a “typical” data center can consume between 10 and 50 times the energy of a commercial building, per unit of area, or “about 16,000 60-watt light bulbs per square meter.”
At the same time that AEP Ohio filed for the new tariff, it separately applied to give a secret discount to Amazon as it ramps upbuilding $7.8 billion worth of data centersin central Ohio. The application discloses that Amazon is already running a hidden number of data center campuses in Hilliard, Dublin and New Albany, and their discount would be applied in two phases.
During the first phase, for each data center that “reaches and maintains a monthly peak load” of a hidden amount in megawatts, Amazon will get a secret percentage discount on bills to each of those campuses. For each new data center campus that Amazon starts powering, the percent discount would increase. But besides this deal, AEP Ohio expects Amazon to pay all charges and riders, including tariffs.
The discount moves into a second stage once Amazon deploys a “battery storage system” at one of its local data center campuses. The campus will then lose the first-stage billing discount and decrease the secret percentage for the other campuses, but AEP Ohio would then calculate that battery-backed data center’s transmission charges based on its “network service peak load value.”
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AEP Ohio’s communications team declined to share any details about the discount beyond what was in the documents.
“Competitively-sensitive and confidential information, including the information you are requesting, was filed under seal in the Amazon Data Services (ADS) proceeding based in part on ADS’s statement that its competitors could use this information ‘to ascertain one of the most critical cost components for data center operations, which is energy, and thus place ADS at a competitive disadvantage in the global cloud computing market,'” a spokesperson wrote.
The pair’s application for the secret discount comes on the heels of Amazon earning a30-year tax breakfrom New Albany City Council. For the first 15 years, its data centers in the area will be exempt from 100% of their property taxes.
Ohio State president’s connection to a nuclear Bitcoin mining operation
Amazon’s $7.8 billion investment will expand its Ohio data center presence through 2030. It’s among a litany of tech companies to gather aroundIntel’s coming semiconductor fabrication plant. Next door to Amazon’s existing New Albany data centers,Microsoft spent nearly $57 millionon property that county commissioners theorized will become the same.Googlehas piled on with two data centers as well, one in Columbus and one in Lancaster.
Another $1 billion data center is also on the way from Washington D.C.-basedDBT-Data. QTS out of Kansas is alsoputting $1.5 billiondown to build one of its own in New Albany as well.
View Kelso’s testimony on cryptocurrency minershere, and AEP Ohio and Amazon’s application for a discounthere.
Copyright 2024 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
For the latest news, weather, sports, and streaming video, head to NBC4 WCMH-TV. || SINGAPORE, May 20, 2024 (GLOBE NEWSWIRE) -- BitFuFu Inc., (“BitFuFu” or “the Company”) (NASDAQ: FUFU), a fast-growing digital asset mining service and world-leading cloud-mining service provider, today announced its unaudited financial results for the first quarter ended March 31, 2024.
First Quarter 2024 Operational Highlights
• Hosting capacity of 644 MW diversified across 29 sites on three continents, compared with 513 MW across 22 sites on one continent during the same period of 2023
• Total mining capacity under management increased 52.1% to a record 28.6 EH/s, compared to 18.8 EH/S during the same period of 2023
• Cloud-mining registered users increased 63.5% to 321,184 as of March 31, 2024, compared to 196,468 as of March 31, 2023
• Bitcoin (“BTC”) production from self-mining operations decreased 11.0% to 1,103 BTCs from 1,239 BTCs in the same period of 2023
• BTC production by customers from cloud-mining solutions increased 53.0% to 2,096 BTCs, compared with 1,370 BTCs in the same period of 2023
• Cost to mine BTC from self-mining operations averaged US$39,182 per BTC versus US$21,908 per BTC in 2023
[{"Metric": "2024", "As of March 31,": "2023"}, ["Hosting capacity (MW)", "644", "513"], ["Total mining capacity under management (EH/s)(1)", "28.6", "18.8"], ["Cloud-mining registered Users", "321,184", "196,468"], {"Metric": "", "As of March 31,": "Three Months Ended31 March,"}, {"Metric": "2024", "As of March 31,": "2023"}, ["BTC Produced", "", ""], ["From BitFuFu self-mining operations", "1,103", "1,239"], ["By customers from cloud-mining solutions(2)", "2,096", "1,370"], ["Average BTC produced per day by customers and BitFuFu", "35.5", "29.3"]]
[{"(1)": "(2)", "Defined as the hash rate that could theoretically be generated if all miners that have been energized are currently in operation including miners that may be temporarily offline. Hash rates are estimates based on the manufacturers' specifications.": "Defined as the amount of BTC that was produced during the period by customers using mining capacity purchased from cloud-mining solutions."}]
First Quarter 2024 Financial Highlights
• Total revenue was US$144.4 million, representing an increase of 149.0% from US$58.0 million in the same period of 2023
• Revenue from cloud-mining solutions was US$81.5 million, an increase of 181.0% from US$29.0 million in the same period of 2023
• Revenue from Bitcoin self-mining operations was US$60.1 million, an increase of 117.0% from US$27.7 million in the same period of 2023
• Net income was $35.3 million, compared to US$2.7 million in the same period of 2023
• Adjusted EBITDA (non-GAAP) was US$49.9 million, an increase of 430.9% from US$9.4 million in the same period of 2023
• Combined balance of cash, cash equivalents, and digital assets1were US$163.7 million as of March 31, 2024, compared with US$76.0 million as of December 31, 2023.
Leo Lu, Chief Executive Officer and Chairman of the Board of Directors, said, “We started out the year incredibly strongly with total revenue growing 149% year-over-year to US$144 million and net income increasing more than twelve times from the same period last year. This rapid growth directly reflects the enormous synergies that are created by our asset-light strategy that flexibly adjusts and optimizes mining equipment to maximize profitability. Our cloud-mining solutions allow us to reduce revenue volatility created by sharp swings in digital asset prices and significantly strengthen cash flow by pre-selling hashrate at a fixed price that can be invested in expanding our business. We are looking to improve our adaptability by acquiring existing mining facilities or constructing our own in the months ahead to optimize our cost structure and capital allocation even further and expand our bottom line.”
First Quarter 2024 Financial Results
Revenue
Total revenue in the first quarter of 2024 was US$144.4 million, representing an increase of 149.0% from US$58.0 million in the same period of 2023, primarily driven by growth in cloud-mining solutions and self-mining operations.
Revenue from cloud-mining solutions in the first quarter of 2024 was US$81.5 million, representing an increase of 181.0% from US$29.0 million in the same period of 2023, primarily due to increases in repeat purchases of cloud-mining services from existing and new customers, and an increase in the average selling price. In the first quarter of 2024, revenue from existing customers was US$76.0 million and new customers was US$5.5 million, accounting for 93.0% and 7.0% of revenue from cloud-mining solutions, respectively. In the first quarter of 2023, revenue from existing customers of US$28.1 million and new customers of US$0.9 million, accounting for 96.9% and 3.1% of revenue from cloud-mining solutions of that period, respectively.
Revenue from Bitcoin self-mining operations in the first quarter of 2024 was US$60.1 million, representing an increase of 117.0% from US$27.7 million in the same period of 2023. The increase was primarily driven by the optimization of mining operations and favorable market conditions including a 70.0% year-over-year increase in the average hash rate used for self-mining and a 134.0% year-over-year increase in the average price of BTC, which was partially offset by an increase in blockchain difficulty for BTC mining resulting in a decrease in BTC output per tera-hash. BTC production from self-mining operations decreased 11.0% to 1,103 BTCs, from 1,239 BTCs in the same period of 2023, as a result of the increase in blockchain difficulty for BTC mining.
Revenue from hosting services and others in the first quarter of 2024 was US$2.1 million, representing an increase of 61.5% from US$1.3 million in the same period of 2023, primarily due to lower uptime of hosted miners during first quarter of 2023 as a result of the relocation of hosted miners during that period.
Revenue from sales of mining equipment in the first quarter of 2024 was US$0.7 million, compared to no revenue from in the same period of 2023.
In the first quarter of 2024, cloud-mining solutions accounted for 56.4% of total revenue, Bitcoin self-mining operations accounted for 41.6%, and hosting services and others accounted for 2.0%.
Cost of Revenue
Cost of revenue in the first quarter of 2024 was US$122.7 million, representing an increase of 120.7% from US$55.6 million in the same period of 2023, primarily due to an increase in costs associated with the expansion of the Company's cloud-mining solutions and self-mining operations, in line with the corresponding increase in revenue over the same period.
Operating Expenses
Sales and marketing expenses in the first quarter of 2024 were US$0.4 million, flat when compared to US$0.4 million in the same period of 2023. Despite the 181.0% year-over-year increase in revenue from cloud-mining solutions, the Company did not increase spending on advertising and promotional activities during the quarter due to strong market demand.
General and administrative expenses in the first quarter of 2024 were US$1.9 million, representing an increase of 111.1% from US$0.9 million in the same period of 2023, primarily due to a US$1.2 million increase in legal and other consulting expenses associated with the Company's public listing on NASDAQ in March 2024 and other business development activities.
Research and development expenses in the first quarter of 2024 were US$0.4 million, representing a decrease of 20.0% from US$0.5 million in the same period of 2023, primarily due to a decrease in payroll costs to technical and development employees.
There were no impairment losses on digital assets during the quarter, compared to US$1.7 million during the same period of 2023.
Starting from January 1, 2024, the Company implemented the early adoption of FASB fair value accounting rules, ASU No. 2023-08, Accounting for and Disclosure of Crypto Assets. The Company recognized a fair value gain on BTC of US$11.8 million that has yet to be realized as of March 31, 2024.
Gain on sales of digital assets in the first quarter of 2024 was US$13.1 million, representing an increase of 191.1% from $4.5 million during the same period of 2023. The increase was primarily due to the increase in the volume of BTC sold. The remaining BTC the Company holds will be retained for further potential capital appreciation, reflecting the Company’s careful and strategic management of its digital asset portfolio and ability to capitalize on favorable market conditions.
Net Income
Net income in the first quarter of 2024 was US$35.3 million, compared with US$2.7 million in the same period of 2023.
Earnings per Share
Earnings per basic and diluted ordinary share were US$0.23, compared to US$0.02 in the same period of 2023.
Adjusted EBITDA
Adjusted EBITDA in the first quarter of 2024 was US$49.9 million, compared with US$9.4 million in the same period of 2023, of which US$11.8 million was attributed by an unrealized fair value gain on BTC due to the early adoption of FASB fair value accounting rules, ASU No. 2023-08, Accounting for and Disclosure of Crypto Assets.
Liquidity and Capital Resources
As of March 31, 2024, the Company had cash, cash equivalents and digital assets of US$163.7 million, compared with US$76.0 million as of December 31, 2023. The increase was mainly due to the funds raised in connection with its business combination and listing on NASDAQ in March 2024 and the fair value gain on BTC driven by the increase in BTC price.
Conference Call
The Company’s management team will hold an earnings conference call at 8:00 A.M. U.S. Eastern Time on Monday, May 20, 2024 (8:00 P.M. Singapore Time on the same day).
All participants must register in advance of the conference call using the link provided below. Upon registration, each participant will receive a confirmation email containing dial-in numbers and a unique access PIN, which will be used to join the conference call.
Registration Link:https://register.vevent.com/register/BI8900c6165a8f47c6be0836f1394524c5
Additionally, a live and archived webcast of the conference call will also be available on the Company’s investor relations website athttps://ir.bitfufu.com/.
About BitFuFu Inc.
BitFuFu is a fast-growing digital asset mining service and world-leading cloud-mining service provider. BitFuFu received early investment from Bitmain, a world-leading digital asset mining hardware manufacturer, and remains Bitmain’s sole strategic partner in the cloud mining space.
BitFuFu is dedicated to fostering a secure, compliant, and transparent blockchain infrastructure, providing a variety of stable and intelligent digital asset mining solutions to a global customer base. Leveraging its expanding global mining facility network and strategic partnership with Bitmain, BitFuFu enables institutional customers and digital asset enthusiasts to mine digital assets efficiently.
For more information, please visithttps://ir.bitfufu.com/.
Non-GAAP Financial Measure
BitFuFu uses and considers Adjusted EBITDA, a non-GAAP financial measure, as a supplemental metrics in reviewing and evaluating its performance. BitFuFu defines Adjusted EBITDA as (1) GAAP net profit/loss, plus (2) adjustments to add back/(subtract) interest expense/(income), income tax expense/(benefit), depreciation and amortization; and (3) adjustments for non-recurring items, if any. BitFuFu believes that this non-GAAP financial measure provides useful information to investors and others in understanding and evaluating the consolidated financial results in the same manner as its management and in comparing financial results across accounting periods. However, Non-GAAP financial measure is not defined under GAAP and are not presented in accordance with GAAP. Non-GAAP financial measure has limitations as analytical tools, which possibly do not reflect all items of expense that affect the Company’s operations. BitFuFu’s calculation of adjusted EBITDA may be different from the calculation methods of other companies, and therefore, the comparability of such measure may be limited. In addition, this non-GAAP financial measure adjusts for the impact of items that BitFuFu does not consider indicative of the operational performance of its business and should not be considered in isolation or construed as an alternative to net profit/loss or any other measure of performance or as an indicator of its future performance. The presentation of this non-GAAP financial measure is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.
For more information on the non-GAAP financial measure, please see the table captioned “Unaudited Reconciliation of GAAP and non-GAAP Results” set forth at the end of this release. BitFuFu encourages you to review its financial information in its entirety and not rely on a single financial measure.
Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "estimate," "plan," "project," "forecast," "intend," "will," "expect," "anticipate," "believe," "seek," "target" or other similar expressions that predict or indicate future events or trends. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of BitFuFu's management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause BitFuFu's actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The announced results of the first quarter of 2024 are preliminary and subject to adjustments. All information provided in this press release is as of the date of this press release and the Company does not undertake any duty to update such information, except as required under applicable law.
For investor and media inquiries, please contact:
Investor RelationsCharley BradyVice President, Investor [email protected]
Christensen [email protected]
[{"Appendix I: Financial statements": "", "": ""}, {"Appendix I: Financial statements": "", "": ""}, ["", "", "Three months endedMarch 31,"], {"Appendix I: Financial statements": "", "": "2023US$ \u2018000"}, {"Appendix I: Financial statements": "", "": ""}, ["Total revenues", "", "144,411", "", "57,969", ""], {"Appendix I: Financial statements": "", "": ""}, {"Appendix I: Financial statements": "Cost of revenues", "": ""}, ["Cost of revenues incurred to a related party", "", "(45,298", ")", "(40,099", ")"], ["Cost of revenues incurred to third parties", "", "(71,348", ")", "(9,445", ")"], ["Cost of revenues \u2013 depreciation and amortization", "(6,097", ")", "(6,030", ")"], ["Total cost of revenues", "", "(122,743", ")", "(55,574", ")"], {"Appendix I: Financial statements": "", "": ""}, ["Gross profit", "", "21,668", "", "2,395", ""], {"Appendix I: Financial statements": "", "": ""}, {"Appendix I: Financial statements": "Operating expenses", "": ""}, ["Sales and marketing expenses", "", "(383", ")", "(423", ")"], ["General and administrative expenses", "", "(1,934", ")", "(891", ")"], ["Research and development expenses", "", "(391", ")", "(483", ")"], ["Impairment loss on digital assets", "", "-", "", "(1,719", ")"], ["Unrealized fair value gain of Bitcoins", "", "11,758", "", "-", ""], ["Realized gain on sales of digital assets", "", "13,089", "", "4,525", ""], ["Total operating expenses, net", "", "22,139", "", "1,009", ""], {"Appendix I: Financial statements": "", "": ""}, ["Operating income", "", "43,807", "", "3,404", ""], {"Appendix I: Financial statements": "", "": ""}, ["Interest expense", "", "(1,528", ")", "(807", ")"], ["Interest income", "", "343", "", "410", ""], ["Other income/(expenses), net", "", "-", "", "4", ""], ["Income before income taxes", "", "42,622", "", "3,011", ""], ["Income tax (expense)/benefit", "", "(7,314", ")", "(328", ")"], ["Net income and total comprehensive income", "35,308", "", "2,683", ""], {"Appendix I: Financial statements": "", "": ""}, {"Appendix I: Financial statements": "Earnings per share:", "": ""}, ["Ordinary shares \u2013 basic and diluted (US$)", "", "0.23", "", "0.02", ""], {"Appendix I: Financial statements": "", "": ""}, {"Appendix I: Financial statements": "Weighted average shares outstanding used in calculating basic and diluted earnings per share:", "": ""}, ["Ordinary shares \u2013 basic and diluted", "", "154,395,278", "", "150,000,000", ""], ["", "", "", "", "", ""]]
* The amount was less than $500
[{"BITFUFU INC.": "CONSOLIDATED BALANCE SHEETS"}, {"BITFUFU INC.": ""}, ["", "", "March 31,2024US$ \u2018000", "December 31,2023US$ \u2018000"], ["", "", "", ""], ["ASSETS", "", "", ""], ["Current assets:", "", "", ""], ["Cash and cash equivalents", "", "87,162", "32,005"], ["Digital assets", "", "76,508", "43,979"], ["Accounts receivable, net", "", "3,028", "3,838"], ["Prepayments", "", "52,314", "39,566"], ["Amount due from related parties", "", "14", "38"], ["Inventory", "", "303", "-"], ["Other current assets", "", "4,559", "1,843"], ["Total current assets", "", "223,888", "121,269"], ["", "", "", ""], ["Non-current assets:", "", "", ""], ["Equipment, net", "", "75,754", "81,857"], ["Deposits", "", "2,683", "2,683"], ["Deferred tax assets, net", "", "4,404", "4,224"], ["Total non-current assets", "", "82,841", "88,764"], ["", "", "", ""], ["Total assets", "", "306,729", "210,033"], ["", "", "", ""], ["LIABILITIES AND STOCKHOLDERS\u2019 EQUITY", "", "", ""], ["Current liabilities:", "", "", ""], ["Accounts payables", "", "1,967", "806"], ["Contract liabilities", "", "42,438", "47,724"], ["Taxes payable", "", "3,218", "2,233"], ["Accrued expenses and other payables", "", "5,338", "5,368"], ["Amount due to a related party", "", "23,497", "30,229"], ["Total current liabilities", "", "76,458", "86,360"], ["", "", "", ""], ["Non-current liabilities:", "", "", ""], ["Long-term payables", "", "102,435", "102,435"], ["Deferred tax liabilities, net", "", "11,397", "3,904"], ["Total non-current liabilities", "", "113,832", "106,339"], ["", "", "", ""], ["Total liabilities", "", "190,290", "192,699"], ["", "", "", ""], ["Total shareholders\u2019 equity", "", "116,439", "17,334"], ["", "", "", ""], ["Total liabilities and stockholders\u2019 equity", "", "306,729", "210,033"], ["", "", "", ""]]
[{"Appendix II: Unaudited Reconciliation of GAAP and non-GAAP Results": ""}, ["", "Three months endedMarch 31,"], ["", "2024", "2023"], ["", "US$ \u2018000", "US$ \u2018000"], ["Net profit", "35,308", "2,683"], ["Add: Interest expenses, net", "1,185", "397"], ["Add: Income tax expense/(benefit)", "7,314", "327"], ["Add: Depreciation", "6,097", "6,041"], ["Adjusted EBITDA", "49,904", "9,448"], ["", "", ""]]
__________________
1The Company has early adopted the new FASB Accounting Standards Update (ASU) No. 2023-08, Accounting for and Disclosure of Crypto Assets on January 1, 2024. Under the new standard, the Company's Bitcoin ("BTC") holdings are measured at fair value, with changes in fair value recognized in the Company's income statement. || MicroStrategy(NASDAQ:MSTR) Chairman Michael Saylor is a famousBitcoin(BTC-USD) bull. You don’t have to be famous, but you’ll definitely need to be a Bitcoin believer if you intend to buy and hold MicroStrategy stock.
Granted, MicroStrategy isn’t just a Bitcoin-hoarding company. It also has a legacy software business, which we’ll definitely address in a moment. That being said, there’s an important cryptocurrency-related reason to invest in MicroStrategy now, so stay tuned for the details on that.
Setting aside the crypto connection for a moment, MicroStrategy actually has an artificial intelligence angle that you may have overlooked. This AI angle was on full display at the recentMicroStrategy World 2024event.
InvestorPlace - Stock Market News, Stock Advice & Trading Tips
Here’s the scoop. According to a press release, MicroStrategy featured its Auto Express software at the event. This is the trial version of MicroStrategy’s Auto software, a bot that allows users to “embed data-driven AI assistants into any application, anywhere they are needed, to leverage any data.”
MicroStrategy claims that “the majority of” the event’s attendees “built an AI bot” with Auto Express. If that’s the case, then it sounds like this software program is easy to use.
Prospective investors will want to keep tabs on Auto Express as it could prove to be a significant revenue generator for MicroStrategy. Along with that, MicroStrategy may present itself as an AI-software provider to a variety of businesses.
MicroStrategy could make headway as an AI-software business in 2024, but let’s be completely honest. Under Saylor’s guidance, MicroStrategy has primarily become a relentless Bitcoin-holding business.
This might not be objectionable to you, especially if you’re strongly bullish about Bitcoin. You’ll definitely want to keep track of the latest crypto-related events, however, if you’re a buyer and holder of MicroStrategy stock.
One important event is, of course, the Securities and Exchange Commission’sapproval ofspot Bitcoin exchange-traded funds. This event prompted some cryptocurrency aficionados to wonder whether the SEC would soon approve some spotEthereum(ETH-USD) ETFs.
TD Cowen analyst Lance Vitanza believes that thiswon’t happen anytime soon, and he’s probably right. Oddly enough, the SEC’s likely rejection of spot Ethereum ETFs in 2024 could be a boon for MicroStrategy. Follow along as Vitanza lays out his argument:
“This is significant because while Ethereum’s fate may remain up in the air until 2025 or longer, we believe there’s a substantial amount of capital waiting for a digital winner to be declared; to the extent Bitcoin proves to be that winner, the incremental demand would likely be felt even more acutely given the recent bitcoin halving,” he wrote.
To sum it up, the market is enthusiastic about Bitcoin this year because of the halving event and because of the SEC’s approval of spot Bitcoin ETFs. If the SEC rejects spot Ethereum ETFs in 2024, this would prompt cryptocurrency investors to divert their capital toward Bitcoin.
And that would benefit MicroStrategy, since the company holds massive amounts of Bitcoin, not Ethereum. Vitanza’s argument might sound strange at first, but it makes sense if you really think about it.
There are some billion-dollar questions pertaining to MicroStrategy. Can the company successfully present itself as an AI-software business? Will regulatory setbacks for proposed spot Ethereum ETFs prove to be a tailwind for Bitcoin and MicroStrategy?
Here’s a more pressing question that any prospective MicroStrategy investor must answer: How bullish are you about Bitcoin? If you’re not very bullish, then you shouldn’t consider buying MicroStrategy stock.
After all, MicroStrategy is currently a Bitcoin-holding company. So, if you expect Bitcoin to gain value over the long term, feel free to buy a few MicroStrategy shares today.
On the date of publication, David Moadeldid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.
David Moadel has provided compelling content – and crossed the occasional line – on behalf of Motley Fool, Crush the Street, Market Realist, TalkMarkets, TipRanks, Benzinga, and (of course) InvestorPlace.com. He also serves as the chief analyst and market researcher for Portfolio Wealth Global and hosts the popular financial YouTube channel Looking at the Markets.
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The postMSTR Outlook: One Weird (but Smart) Reason to Buy MicroStrategy Stock Nowappeared first onInvestorPlace. || New York City, NY, May 20, 2024 (GLOBE NEWSWIRE) --
In a dynamic period for cryptocurrencies, Bitcoin aims for a significant milestone, Ethereum faces regulatory hurdles, andFurrever Tokenleverages unique community engagements to defy market downturns. This article delves into the intricate fluctuations of these digital assets and the external influences shaping their trajectories.
Bitcoin Aims for $70K: Market Dynamics Signal Potential Breakout Above $67K
Bitcoin's price has seen an impressive uptick, climbing by 10% over the past week and breaking past the $67,000 mark, signaling potential shifts in market structure. This rise comes amidst a series of economic events and growing interest in Bitcoin, especially evident with recent surges in ETF investments. As the market heads into the weekend buoyed by positive sentiment, Bitcoin not only crossed the $67,000 threshold but also influenced a broader market uptrend, with the global crypto market capitalization increasing to $2.43 trillion.
The market experienced significant liquidations, with more than $120 million wiped out, including $83 million from short positions and nearly $40 million from long positions. This was coupled with the expiration of $2.1 billion worth of Bitcoin and Ethereum options, adding to the market's volatility. These expirations affect market sentiment as traders adjust their positions, potentially leading to increased volatility.
As Bitcoin hovers above $67,000, it shows signs of establishing a new market structure. Technical indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggest increasing buyer momentum, with the AO entering positive territory. If Bitcoin manages a stable close above $67,206, it could pave the way for a continued rise towards the $70,000 mark and potentially retest its all-time high at $73,777.
Conversely, any pullback from this level could see Bitcoin fall to support levels around $63,354 or even down to $56,000, marking a 16% decline from current levels. This pivotal moment in Bitcoin’s trading could define its trajectory for the coming months, making it a critical watch for investors and traders alike.
Ethereum Eyes Rally as SEC Decision on ETF Looms
Ethereum (ETH) is currently trading at approximately $2,950.80, experiencing a minor decline of 0.5% since yesterday. The market is poised for a potential bullish shift this Wednesday after a stagnant five-day period. This anticipated uptick is fueled by the ongoing conversations around a decline in Mainnet revenue and the approaching Securities & Exchange Commission (SEC) decision on spot ETH ETFs.
As the critical May 23rd deadline approaches for the SEC to evaluate VanEck’s spot ETF application, opinions among analysts are mixed. Nate Geraci, President of the ETF Store, argues that the SEC may find it difficult to reject the application, given its prior approvals of ETH futures ETFs. However, there is also speculation that the SEC might deny the application, partly due to ongoing investigations into Ethereum’s classification as a security.
Documents from ConsenSys disclosed that the SEC started probing Ethereum’s status as early as April 2023, despite greenlighting ETH futures ETFs in September, highlighting the complex regulatory environment Ethereum navigates.
Ethereum is striving to breach the $3,000 mark, with key resistance seen at $3,103 and $3,161. Overcoming these barriers might prove difficult given the current lackluster bullish momentum. The price corridor between $2,852 and $3,300 is critical, with market ambiguity expected to lessen following the SEC’s impending decision.
Furthermore, a decrease in ETH long liquidations and a slight uptick in open interest by 1.97% lend support to a short-term bullish outlook. Traders of Ether options are bracing for heightened price volatility as the SEC’s deadline approaches, with a significant spike in implied volatility anticipated around the time of the decision announcement.
Furrever Token Spurs Investor Interest Buyer Competition Amid Market Downturn
While the broader cryptocurrency market faces challenges,Furrever Token (FURR)is taking a dynamic and engaging approach with its cat-themed design and a substantial $20,000 competition to captivate investors. With an appealing price point of $0.000648, Furrever Token not only offers promising financial returns but also cultivates a vibrant community.
The token's swift success in its presale, having raised over $1 million, highlights its increasing popularity. The ongoing competition, which awards up to $5,000 to top buyers, seeks to boost investor participation and commitment to Furrever Token, setting it apart as a project that marries financial opportunities with community-centric initiatives. This effort is a key part of Furrever Token’s strategy to create a fun and welcoming environment for its investors, enhancing both value and enjoyment in the cryptocurrency investment journey.
For additional information or support regarding Furrever Token, please contact only through the official channel [email protected] ensure safety and avoid potential scams.
Join Furrever Token Presale Now:Furrever Token Official WebsiteJoin $20,000 Furrever Token GiveawayJoin Official Telegram GroupFollow Official X Account
Media Contact:Robert Smithhttps://furrevertoken.com/[email protected]: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
CONTACT: Robert Smith support at furrevertoken.com || New York City, NY, May 20, 2024 (GLOBE NEWSWIRE) --
In a dynamic period for cryptocurrencies, Bitcoin aims for a significant milestone, Ethereum faces regulatory hurdles, andFurrever Tokenleverages unique community engagements to defy market downturns. This article delves into the intricate fluctuations of these digital assets and the external influences shaping their trajectories.
Bitcoin Aims for $70K: Market Dynamics Signal Potential Breakout Above $67K
Bitcoin's price has seen an impressive uptick, climbing by 10% over the past week and breaking past the $67,000 mark, signaling potential shifts in market structure. This rise comes amidst a series of economic events and growing interest in Bitcoin, especially evident with recent surges in ETF investments. As the market heads into the weekend buoyed by positive sentiment, Bitcoin not only crossed the $67,000 threshold but also influenced a broader market uptrend, with the global crypto market capitalization increasing to $2.43 trillion.
The market experienced significant liquidations, with more than $120 million wiped out, including $83 million from short positions and nearly $40 million from long positions. This was coupled with the expiration of $2.1 billion worth of Bitcoin and Ethereum options, adding to the market's volatility. These expirations affect market sentiment as traders adjust their positions, potentially leading to increased volatility.
As Bitcoin hovers above $67,000, it shows signs of establishing a new market structure. Technical indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO) suggest increasing buyer momentum, with the AO entering positive territory. If Bitcoin manages a stable close above $67,206, it could pave the way for a continued rise towards the $70,000 mark and potentially retest its all-time high at $73,777.
Conversely, any pullback from this level could see Bitcoin fall to support levels around $63,354 or even down to $56,000, marking a 16% decline from current levels. This pivotal moment in Bitcoin’s trading could define its trajectory for the coming months, making it a critical watch for investors and traders alike.
Ethereum Eyes Rally as SEC Decision on ETF Looms
Ethereum (ETH) is currently trading at approximately $2,950.80, experiencing a minor decline of 0.5% since yesterday. The market is poised for a potential bullish shift this Wednesday after a stagnant five-day period. This anticipated uptick is fueled by the ongoing conversations around a decline in Mainnet revenue and the approaching Securities & Exchange Commission (SEC) decision on spot ETH ETFs.
As the critical May 23rd deadline approaches for the SEC to evaluate VanEck’s spot ETF application, opinions among analysts are mixed. Nate Geraci, President of the ETF Store, argues that the SEC may find it difficult to reject the application, given its prior approvals of ETH futures ETFs. However, there is also speculation that the SEC might deny the application, partly due to ongoing investigations into Ethereum’s classification as a security.
Documents from ConsenSys disclosed that the SEC started probing Ethereum’s status as early as April 2023, despite greenlighting ETH futures ETFs in September, highlighting the complex regulatory environment Ethereum navigates.
Ethereum is striving to breach the $3,000 mark, with key resistance seen at $3,103 and $3,161. Overcoming these barriers might prove difficult given the current lackluster bullish momentum. The price corridor between $2,852 and $3,300 is critical, with market ambiguity expected to lessen following the SEC’s impending decision.
Furthermore, a decrease in ETH long liquidations and a slight uptick in open interest by 1.97% lend support to a short-term bullish outlook. Traders of Ether options are bracing for heightened price volatility as the SEC’s deadline approaches, with a significant spike in implied volatility anticipated around the time of the decision announcement.
Furrever Token Spurs Investor Interest Buyer Competition Amid Market Downturn
While the broader cryptocurrency market faces challenges,Furrever Token (FURR)is taking a dynamic and engaging approach with its cat-themed design and a substantial $20,000 competition to captivate investors. With an appealing price point of $0.000648, Furrever Token not only offers promising financial returns but also cultivates a vibrant community.
The token's swift success in its presale, having raised over $1 million, highlights its increasing popularity. The ongoing competition, which awards up to $5,000 to top buyers, seeks to boost investor participation and commitment to Furrever Token, setting it apart as a project that marries financial opportunities with community-centric initiatives. This effort is a key part of Furrever Token’s strategy to create a fun and welcoming environment for its investors, enhancing both value and enjoyment in the cryptocurrency investment journey.
For additional information or support regarding Furrever Token, please contact only through the official channel [email protected] ensure safety and avoid potential scams.
Join Furrever Token Presale Now:Furrever Token Official WebsiteJoin $20,000 Furrever Token GiveawayJoin Official Telegram GroupFollow Official X Account
Media Contact:Robert Smithhttps://furrevertoken.com/[email protected]: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
CONTACT: Robert Smith support at furrevertoken.com || Wall Street was upbeat last week. The Dow Jones, the S&P 500 and the Nasdaq Composite hit record highs for the first time in almost two months. The S&P 500 added about 1.5%, the Dow Jones advanced more than 1.2%, the Nasdaq jumped 2.1% and the Russell 2000 gained 1.7%. The rally came after the release of weaker-than-expected inflation data, which raised hopes of a sooner-than-expected Fed rate cut.
In April, inflationary pressures showed signs of easing, with the Consumer Price Index (CPI) on a "core" basis rising 3.6% year over year, in line with expectations. This marked a cooling from the 3.8% increase observed in March. Monthly core price increases also aligned with expectations of 0.3%, down from 0.4% in the previous three months.
If this was not enough, retail sales in April remained unchanged, contrasting with a 0.6% increase in March and defying the 0.4% rise anticipated by economists. This unexpected stagnation in consumer spending indicates a possible shift in consumer behavior amid persistent inflation and higher interest rates. Investors are hopeful that these somber economic data points might lead the Fed to reconsider its tough stance on monetary policy in the near term.
We would like to note that following the CPI release, market expectations regarding rate cuts shifted slightly, with a modest increase in the probability of a rate cut in September, according to the CME FedWatch Tool. Following the release of data, there was a 52.7% chance of a 25-bps worth of September rate cut, up from a 50.5% chance a day earlier (read: 3 Sector ETFs to Play on Renewed Fed Rate Cut Hopes).
The U.S. benchmark treasury yield was 4.42% on May 17, 2024, down from 4.48% recorded at the start of the week. Against this backdrop, below, we highlight the winning leveraged ETFs of last week.
ProShares Ultra Bloomberg Natural GasBOIL – Up 25.9%
Natural gas price has been soaring lately. Supply disruptions, such as the prolonged outage at Freeport LNG and maintenance at Gorgon, along with geopolitical risks, have contributed to the recent rally.
ProShares Ultra SilverAGQ – Up 24.5%
The strength of the greenback lessened last week on renewed Fed rate cut hopes. Since bullion is priced in the greenback, silver prices rallied. Moreover, mining stocks often act as leveraged plays of the underlying metal, giving a lift to this leveraged silver mining ETF last week.
2x Bitcoin Strategy ETFBITX – Up 21.6%
Bitcoin rallied last week. While it was recovering, other crypto tokens, including Solana, Cardano, Polkadot, and Avalanche, also showed strength. The increasing bets of near-term Fed rate cuts brought back risk-on trade sentiments and boosted the fund.
GraniteShares 2x Long BABA Daily ETFBABX – Up 20.8%
Chinese e-commerce giant Alibaba announced a modest increase in annual revenues last week. Michael Burry’s investment firm doubled down on its bets on JD.com Inc and Alibaba Group Holding Ltd. in the first quarter as Chinese equities bottomed out. This has boosted investors’ appetite for Alibaba stock.
Direxion Daily FTSE China Bull 3X SharesYINN – Up 17.1%
Despite the Chinese economy’s poor performance last year, global investors are returning to equities this year. Compelling valuation, market restructuring, billions in buybacks, the AI boom and its impact on various industries have lately been boosting the space. Foreign carmakers are joining hands with Chinese companies, operating in artificial intelligence and other smart car technology.
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ProShares Ultra Silver (AGQ): ETF Research Reports
ProShares Ultra Bloomberg Natural Gas (BOIL): ETF Research Reports
Direxion Daily FTSE China Bull 3X Shares (YINN): ETF Research Reports
GraniteShares 2x Long BABA Daily ETF (BABX): ETF Research Reports
2x Bitcoin Strategy ETF (BITX): ETF Research Reports
To read this article on Zacks.com click here.
Zacks Investment Research || The cryptocurrency market suffered a severe blow in April after a strong rally in the previous 15 months. On Mar 14, the largest cryptocurrency, Bitcoin (BTC), recorded an all-time high of 73,750.07. However, it has fallen nearly 15% thereafter. Bitcoin gained more than 67% in first-quarter 2024 after jumping 157% in 2023. At present, Bitcoin is 9.3% below its all-time high.
One of the major reasons for the decline in Bitcoin price was the halving event that took place last month. The Bitcoin halving event happens once in four years. Moreover, U.S. equity markets tumbled in April owing to market participants’ concern that the Fed will keep the interest rate higher for longer in light of the sticky inflation rate and a resilient labor market. A higher interest rate is detrimental to high-growth sectors like technology, consumer discretionary and cryptocurrency.
Nevertheless, with the April Bitcoin halving event now concluded, there is widespread speculation that the reduction in the supply of Bitcoins will result in a scarcity-driven price increase for the digital asset in the upcoming months.Miners who validate and record transactions receive rewards from the Bitcoin network and transaction fees. Halving reduces the block reward by half, aiming to cap Bitcoin's global circulation at 21 million. Consequently, demand for new Bitcoins increases, driving up prices.
Moreover, since the launch of the first Bitcoin ETFs on Jan 11, the asset has surged more than 50%. The ETFs represent a landmark in Bitcoin’s journey, offering both retail and institutional investors a regulated and accessible means to invest in the cryptocurrency. This development not only enhances liquidity but also contributes to price stability.
Wall Street rebounded in early May following a sharp decline in the April job additions, a notable deterioration of the U.S. GDP growth rate in first-quarter 2024, the contraction of manufacturing and services PMI in April and a less-than-hawkish statement by Fed Chairman Jerome Powell after the May FOMC meeting.
The Wall Street rally solidified further after the Department of Labor reported that the consumer price index (CPI) for the month of April rose 0.3% month over month. The reading, however, came in below the consensus estimate and March’s reading of 0.4%. Year over year, CPI increased 3.4%, in line with expectations.
The core CPI (excluding volatile food and energy items) rose 0.3% month-over-month in April, after rising 0.4% in the previous three months. April’s data showed the smallest monthly increase since December 2023. Year over year, core CPI increased 3.6%, marking the lowest monthly increase since April 2021.
Moreover, the Department of Commerce reported that retail sales in April remained flat month over month, missing the consensus estimate of a rise of 0.4%. The reading for March was also revised downward to 0.6% from 0.7% reported earlier. However, year over year, retail sales increased 3% in April.Consequently, investors’ expectations for the number of interest rate cuts in 2024 rose.
We have narrowed our search to five bitcoin-oriented stocks that have strong potential for 2024. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2(Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Coinbase Global Inc.COIN provides financial infrastructure and technology for the crypto economy in the United States and internationally. COIN offers the primary financial account in the crypto space for consumers, a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment.
Zacks Rank #1 Coinbase Global has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last 30 days.
Robinhood Markets Inc.HOOD operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds, options, gold, and cryptocurrencies. HOOD buys and sells Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies using its Robinhood Crypto platform.
Zacks Rank #2 Robinhood Markets has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last 30 days.
CleanSpark Inc.CLSK operates as a Bitcoin miner in the Americas. CLSK owns and operates data centers that primarily run on low-carbon power. CLSK’s infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion.
Zacks Rank #2 CleanSpark has an expected earnings growth rate of more than 100% for the current year (ending September 2024). The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last 30 days.
Hut 8 Corp.HUT acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. HUT mines Bitcoin. It merged with US Bitcoin Corp to increase its total hash rate substantially. HUT aims to increase its total hash rate to 9.8 EH/s. HUT operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing, Colocation and Cloud, and Other.
Zacks Rank #2 Hut 8 has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last seven days.
Block Inc.SQ is an online digital and mobile payment platform for consumers and merchants and is the parent company of Square and Cash App. The users of the Cash App can buy, sell, send and receive Bitcoin. In addition, SQ’s decentralized tbd platform allows developers to build decentralized finance applications that run on programmable blockchains. SQ is also one of the largest Bitcoin investors.
Zacks Rank #2 Block has an expected earnings growth rate of 73.9% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.3% over the last 30 days.
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Block, Inc. (SQ) : Free Stock Analysis Report
Cleanspark, Inc. (CLSK) : Free Stock Analysis Report
Coinbase Global, Inc. (COIN) : Free Stock Analysis Report
Hut 8 Corp. (HUT) : Free Stock Analysis Report
Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research || The cryptocurrency market suffered a severe blow in April after a strong rally in the previous 15 months. On Mar 14, the largest cryptocurrency, Bitcoin (BTC), recorded an all-time high of 73,750.07. However, it has fallen nearly 15% thereafter. Bitcoin gained more than 67% in first-quarter 2024 after jumping 157% in 2023. At present, Bitcoin is 9.3% below its all-time high.
One of the major reasons for the decline in Bitcoin price was the halving event that took place last month. The Bitcoin halving event happens once in four years. Moreover, U.S. equity markets tumbled in April owing to market participants’ concern that the Fed will keep the interest rate higher for longer in light of the sticky inflation rate and a resilient labor market. A higher interest rate is detrimental to high-growth sectors like technology, consumer discretionary and cryptocurrency.
Nevertheless, with the April Bitcoin halving event now concluded, there is widespread speculation that the reduction in the supply of Bitcoins will result in a scarcity-driven price increase for the digital asset in the upcoming months.Miners who validate and record transactions receive rewards from the Bitcoin network and transaction fees. Halving reduces the block reward by half, aiming to cap Bitcoin's global circulation at 21 million. Consequently, demand for new Bitcoins increases, driving up prices.
Moreover, since the launch of the first Bitcoin ETFs on Jan 11, the asset has surged more than 50%. The ETFs represent a landmark in Bitcoin’s journey, offering both retail and institutional investors a regulated and accessible means to invest in the cryptocurrency. This development not only enhances liquidity but also contributes to price stability.
Wall Street rebounded in early May following a sharp decline in the April job additions, a notable deterioration of the U.S. GDP growth rate in first-quarter 2024, the contraction of manufacturing and services PMI in April and a less-than-hawkish statement by Fed Chairman Jerome Powell after the May FOMC meeting.
The Wall Street rally solidified further after the Department of Labor reported that the consumer price index (CPI) for the month of April rose 0.3% month over month. The reading, however, came in below the consensus estimate and March’s reading of 0.4%. Year over year, CPI increased 3.4%, in line with expectations.
The core CPI (excluding volatile food and energy items) rose 0.3% month-over-month in April, after rising 0.4% in the previous three months. April’s data showed the smallest monthly increase since December 2023. Year over year, core CPI increased 3.6%, marking the lowest monthly increase since April 2021.
Moreover, the Department of Commerce reported that retail sales in April remained flat month over month, missing the consensus estimate of a rise of 0.4%. The reading for March was also revised downward to 0.6% from 0.7% reported earlier. However, year over year, retail sales increased 3% in April.Consequently, investors’ expectations for the number of interest rate cuts in 2024 rose.
We have narrowed our search to five bitcoin-oriented stocks that have strong potential for 2024. Each of our picks carries either a Zacks Rank #1 (Strong Buy) or 2(Buy). You can seethe complete list of today’s Zacks #1 Rank stocks here.
The chart below shows the price performance of our five picks year to date.
Image Source: Zacks Investment Research
Coinbase Global Inc.COIN provides financial infrastructure and technology for the crypto economy in the United States and internationally. COIN offers the primary financial account in the crypto space for consumers, a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment.
Zacks Rank #1 Coinbase Global has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last 30 days.
Robinhood Markets Inc.HOOD operates a financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds, options, gold, and cryptocurrencies. HOOD buys and sells Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies using its Robinhood Crypto platform.
Zacks Rank #2 Robinhood Markets has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last 30 days.
CleanSpark Inc.CLSK operates as a Bitcoin miner in the Americas. CLSK owns and operates data centers that primarily run on low-carbon power. CLSK’s infrastructure supports Bitcoin, a digital commodity and a tool for financial independence and inclusion.
Zacks Rank #2 CleanSpark has an expected earnings growth rate of more than 100% for the current year (ending September 2024). The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last 30 days.
Hut 8 Corp.HUT acquires, builds, manages, and operates data centers for digital assets mining, computing, and artificial intelligence in the United States. HUT mines Bitcoin. It merged with US Bitcoin Corp to increase its total hash rate substantially. HUT aims to increase its total hash rate to 9.8 EH/s. HUT operates in four segments: Digital Assets Mining, Managed Services, High Performance Computing, Colocation and Cloud, and Other.
Zacks Rank #2 Hut 8 has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the last seven days.
Block Inc.SQ is an online digital and mobile payment platform for consumers and merchants and is the parent company of Square and Cash App. The users of the Cash App can buy, sell, send and receive Bitcoin. In addition, SQ’s decentralized tbd platform allows developers to build decentralized finance applications that run on programmable blockchains. SQ is also one of the largest Bitcoin investors.
Zacks Rank #2 Block has an expected earnings growth rate of 73.9% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 4.3% over the last 30 days.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report
Block, Inc. (SQ) : Free Stock Analysis Report
Cleanspark, Inc. (CLSK) : Free Stock Analysis Report
Coinbase Global, Inc. (COIN) : Free Stock Analysis Report
Hut 8 Corp. (HUT) : Free Stock Analysis Report
Robinhood Markets, Inc. (HOOD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research || Peter Mintzberg Appointed Grayscale’s Chief Executive OfficerMintzberg to Join Firm and Grayscale’s Board of Directors, Effective August 15, 2024
STAMFORD, Conn., May 20, 2024 (GLOBE NEWSWIRE) -- Grayscale Investments, the world’s largest crypto asset manager, today announced the appointment of Peter Mintzberg as Chief Executive Officer, effective August 15, 2024, at which time Mintzberg will also join Grayscale’s Board of Directors. Mintzberg succeeds Michael Sonnenshein, who has stepped down from the position to pursue other interests. In the intervening period, Grayscale's Chief Financial Officer Edward McGee will assume the role of principal executive officer with responsibility for leading the firm.
Mintzberg has over 20 years of experience across the world’s leading asset managers, with a proven track record as a c-suite executive for developing and leading growth strategies.
“Peter is an exceptional strategic leader with global expertise across the most prominent asset managers, which are critical ingredients as we position Grayscale for its next phase of growth,” said Barry Silbert, Founder & CEO, DCG. “I’m excited to see what he accomplishes at Grayscale in its next chapter as the firm continues to expand its future-forward investment product suite.”
“I’ve long admired Grayscale’s position as the leading crypto asset management firm, and I am honored to join the most talented and pioneering team in the business. This is an exciting time in Grayscale’s history as it continues to capitalize on the unprecedented momentum in the asset class,” said Mintzberg.
“I want to thank Michael for his stewardship of Grayscale, having joined the team in 2014 and serving as CEO since 2021. Michael guided Grayscale from $60 million to ~$30 billion of assets under management and through its historic court victory against the Securities and Exchange Commission, which enabled Grayscale to uplist the first spot Bitcoin ETF to NYSE Arca alongside the largest players in traditional finance,” said Silbert. “We wish him the best.”
“It has been an honor and a privilege to work alongside such smart, passionate people to grow Grayscale into an industry titan over the last decade,” said Sonnenshein. “In particular, I would like to thank Barry Silbert for his vision and partnership, and for entrusting me to lead Grayscale’s business. The crypto asset class is at an important inflection point and this is the right moment for a smooth transition. I wish the Grayscale team every success in its next chapter.”
Mintzberg joins Grayscale from Goldman Sachs where he currently holds the position of Global Head of Strategy for Asset and Wealth Management. Prior to that, he held a number of global leadership roles in Strategy, M&A and Investor Relations at BlackRock, OppenheimerFunds, and Invesco. Mintzberg has over two decades of experience and has deep knowledge across a broad-base of client types and asset classes, developing and executing strategy and innovating to drive growth. Mintzberg started his career working at McKinsey & Co. in New York, San Francisco and São Paulo, focused on the financial services and technology sectors.
In 2018, Mintzberg was recognized as a Latino leader in Finance by The Alumni Society. Mintzberg was also selected as a David Rockefeller Fellow in the 2016-2017 Class by the Partnership for New York City. He earned a bachelor’s degree in engineering from the Universidade Federal Rio de Janeiro and an MBA from Harvard University.
Over the last decade, Grayscale has launched a suite of nineteen crypto investment products enabling access to the crypto asset class in a familiar, transparent wrapper, while serving as an educational resource to the investing public, working with policymakers and regulators to bring crypto assets further into the regulatory perimeter, and growing the firm’s business capabilities and best-in-class team.
About Grayscale InvestmentsGrayscale enables investors to access the digital economy through a family of future-forward investment products. Founded in 2013, Grayscale has a proven track record and deep expertise as the world’s largest crypto asset manager. Investors, advisors, and allocators turn to Grayscale for single asset, diversified, and thematic exposure.
Media ContactJennifer [email protected] || New York City, NY, May 20, 2024 (GLOBE NEWSWIRE) --
Investors are happy with this week as most cryptos surged during this period. Bitcoin climbed by an impressive 10%, and Ethereum followed suit with a 5% increase, signaling a strong bullish sentiment across the market. Amid these gains,Furrever Tokenhas captured significant attention with its promise of up to 15X returns post-launch. As these developments unfold, the crypto community is abuzz with speculation on how the market will react to these exciting prospects.
Bitcoin Surged 10% in 7 Days: Optimism Amidst Market Momentum
Last week proved remarkably optimistic for cryptocurrencies after a prolonged period of uncertainty. Despite higher-than-expected Producer Price Index (PPI) data, US inflation for April was reported lower, offering relief to risk markets previously jittery over fears of additional Fed interest rate hikes. Now, attention turns to upcoming data releases, particularly on employment and other economic indicators, until the June 12 meeting.
Labor market figures are weakening, while the latest wage growth data has been supportive for risk markets. Overall, with inflation figures gradually softening over the past few months, the likelihood of further Fed tightening and prolonged peak interest rates diminishes.
On the front of spot Bitcoin ETFs, this week's data has been supportive for Bitcoin. We're now seeing inflows rather than outflows in the GBTC space, pushing ETF total value above $12.4 billion. If we witness renewed inflows in IBIT and FBTC spaces totaling hundreds of millions of dollars, it could signal a more impressive resurgence akin to the rapid ascent witnessed until mid-March.
Ethereum’s 5% Surge Caught Attention: Thrilling Market Outlook and Potential Catalysts
Ethereum (ETH) is presently valued at approximately $3,098.41, showing a slight decrease of 1.2% from yesterday while experiencing a notable increase of over 5% from the previous week. Despite Ethereum's recent performance, it has trailed behind Bitcoin throughout 2024, indicated by the ETH/BTC ratio hitting a three-year low of 0.044. However, following Ethereum's transition to proof-of-stake (the Merge), its correlation with Bitcoin has witnessed a decline of 45%, diminishing the probability of the much-awaited "flippening."
Nevertheless, despite encountering hurdles, market sentiment remains cautiously optimistic. Analyst Michael van de Poppe suggests Ethereum is primed for an upward trajectory, particularly amidst adverse market conditions. Coinbase shares this positive outlook, emphasizing Ethereum's minimal supply-side pressures and the potential approval of a spot Ethereum ETF. Regulatory clarity, especially regarding the SEC's decision on the ETF, holds significant importance. While initial rejection is plausible, Coinbase contends that legal action could potentially reverse it.
The approval of a spot Ethereum ETF would signify a milestone, likely attracting increased institutional interest and investment in Ethereum, potentially elevating its price. The current ETH/BTC ratio, at a three-year low, indicates potential for growth should Ethereum narrow the gap with Bitcoin. Overall, market sentiment displays cautious optimism, with analysts anticipating Ethereum's resilience, particularly amidst potential regulatory advancements.
Furrever Token Sparks Excitement in the Crypto Industry
In the midst of the recent market upswings observed in prominent cryptocurrencies such as Bitcoin and Ethereum, a fresh contender has entered the scene, drawing attention from the crypto community due to its distinctive allure and auspicious prospects. Furrever Token, characterized by its endearing feline-themed identity and intuitive interface, has swiftly garnered enthusiasm and intrigue among both investors and enthusiasts.
Furrever Token stands out in the crowded crypto space by offering a whimsical and heart-warming experience that goes beyond traditional use cases. Its mission to integrate cute cat-themed stickers, emojis, and visuals into its ecosystem has resonated with a broad audience, making crypto engaging and fun. This light-hearted approach, combined with strong fundamentals, has helped Furrever Token carve out a niche in the market.
The tokenomics of Furrever Token are strategically designed to ensure growth and stability. With a total supply of 9 billion tokens, 65% allocated for presale, 25% for DEX allocation, and 10% for team allocation (locked for a year), the project demonstrates a commitment to security and longevity. The recent presale success, raising over $1.1 million and nearing the final stages, highlights the growing investor confidence.
Adding to the excitement is Furrever Token's promise of up to 15X returns, a compelling proposition for those looking to capitalize on new opportunities. The ongoing $20,000 Highest Total Buys Competition further incentivizes participation, fostering a vibrant and engaged community. This competition ends on 27/05/24 at 12:00 UTC, giving investors a limited time to join the race for significant rewards.
With its current price at $0.000648 and exclusive availability on its official website,furrevertoken.com, Furrever Token is poised to make a significant impact. As the crypto industry buzzes with anticipation, all eyes are on how this charming newcomer will perform in the dynamic market landscape.Join Furrever Token Presale Now:Furrever Token Official WebsiteJoin $20,000 Furrever Token GiveawayJoin Official Telegram GroupFollow Official X Account
Media Contact:Robert Smithhttps://furrevertoken.com/[email protected]: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
CONTACT: Robert Smith support at furrevertoken.com || New York City, NY, May 20, 2024 (GLOBE NEWSWIRE) --
Investors are happy with this week as most cryptos surged during this period. Bitcoin climbed by an impressive 10%, and Ethereum followed suit with a 5% increase, signaling a strong bullish sentiment across the market. Amid these gains,Furrever Tokenhas captured significant attention with its promise of up to 15X returns post-launch. As these developments unfold, the crypto community is abuzz with speculation on how the market will react to these exciting prospects.
Bitcoin Surged 10% in 7 Days: Optimism Amidst Market Momentum
Last week proved remarkably optimistic for cryptocurrencies after a prolonged period of uncertainty. Despite higher-than-expected Producer Price Index (PPI) data, US inflation for April was reported lower, offering relief to risk markets previously jittery over fears of additional Fed interest rate hikes. Now, attention turns to upcoming data releases, particularly on employment and other economic indicators, until the June 12 meeting.
Labor market figures are weakening, while the latest wage growth data has been supportive for risk markets. Overall, with inflation figures gradually softening over the past few months, the likelihood of further Fed tightening and prolonged peak interest rates diminishes.
On the front of spot Bitcoin ETFs, this week's data has been supportive for Bitcoin. We're now seeing inflows rather than outflows in the GBTC space, pushing ETF total value above $12.4 billion. If we witness renewed inflows in IBIT and FBTC spaces totaling hundreds of millions of dollars, it could signal a more impressive resurgence akin to the rapid ascent witnessed until mid-March.
Ethereum’s 5% Surge Caught Attention: Thrilling Market Outlook and Potential Catalysts
Ethereum (ETH) is presently valued at approximately $3,098.41, showing a slight decrease of 1.2% from yesterday while experiencing a notable increase of over 5% from the previous week. Despite Ethereum's recent performance, it has trailed behind Bitcoin throughout 2024, indicated by the ETH/BTC ratio hitting a three-year low of 0.044. However, following Ethereum's transition to proof-of-stake (the Merge), its correlation with Bitcoin has witnessed a decline of 45%, diminishing the probability of the much-awaited "flippening."
Nevertheless, despite encountering hurdles, market sentiment remains cautiously optimistic. Analyst Michael van de Poppe suggests Ethereum is primed for an upward trajectory, particularly amidst adverse market conditions. Coinbase shares this positive outlook, emphasizing Ethereum's minimal supply-side pressures and the potential approval of a spot Ethereum ETF. Regulatory clarity, especially regarding the SEC's decision on the ETF, holds significant importance. While initial rejection is plausible, Coinbase contends that legal action could potentially reverse it.
The approval of a spot Ethereum ETF would signify a milestone, likely attracting increased institutional interest and investment in Ethereum, potentially elevating its price. The current ETH/BTC ratio, at a three-year low, indicates potential for growth should Ethereum narrow the gap with Bitcoin. Overall, market sentiment displays cautious optimism, with analysts anticipating Ethereum's resilience, particularly amidst potential regulatory advancements.
Furrever Token Sparks Excitement in the Crypto Industry
In the midst of the recent market upswings observed in prominent cryptocurrencies such as Bitcoin and Ethereum, a fresh contender has entered the scene, drawing attention from the crypto community due to its distinctive allure and auspicious prospects. Furrever Token, characterized by its endearing feline-themed identity and intuitive interface, has swiftly garnered enthusiasm and intrigue among both investors and enthusiasts.
Furrever Token stands out in the crowded crypto space by offering a whimsical and heart-warming experience that goes beyond traditional use cases. Its mission to integrate cute cat-themed stickers, emojis, and visuals into its ecosystem has resonated with a broad audience, making crypto engaging and fun. This light-hearted approach, combined with strong fundamentals, has helped Furrever Token carve out a niche in the market.
The tokenomics of Furrever Token are strategically designed to ensure growth and stability. With a total supply of 9 billion tokens, 65% allocated for presale, 25% for DEX allocation, and 10% for team allocation (locked for a year), the project demonstrates a commitment to security and longevity. The recent presale success, raising over $1.1 million and nearing the final stages, highlights the growing investor confidence.
Adding to the excitement is Furrever Token's promise of up to 15X returns, a compelling proposition for those looking to capitalize on new opportunities. The ongoing $20,000 Highest Total Buys Competition further incentivizes participation, fostering a vibrant and engaged community. This competition ends on 27/05/24 at 12:00 UTC, giving investors a limited time to join the race for significant rewards.
With its current price at $0.000648 and exclusive availability on its official website,furrevertoken.com, Furrever Token is poised to make a significant impact. As the crypto industry buzzes with anticipation, all eyes are on how this charming newcomer will perform in the dynamic market landscape.Join Furrever Token Presale Now:Furrever Token Official WebsiteJoin $20,000 Furrever Token GiveawayJoin Official Telegram GroupFollow Official X Account
Media Contact:Robert Smithhttps://furrevertoken.com/[email protected]: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
CONTACT: Robert Smith support at furrevertoken.com || London, UK, May 20, 2024 (GLOBE NEWSWIRE) -- Cryptocurrency has emerged as a revolutionary financial asset class that has created a significant number of millionaires across the globe. Unlike traditional financial markets, cryptocurrencies offer high volatility yet rapid growth potential, enabling early adopters and savvy investors to amass substantial wealth in relatively short periods.
Bitcoin, the first and most well-known cryptocurrency, has seen exponential increases in value since its inception, turning modest investments into fortunes. Additionally, the proliferation of altcoins and decentralized finance (DeFi) platforms has provided numerous opportunities for wealth creation through innovative financial instruments and blockchain-based projects such asBlockDAG Network. By democratizing access to financial opportunities and bypassing traditional gatekeepers, cryptocurrencies have empowered individuals from diverse backgrounds to achieve financial independence and success, reshaping the global economic landscape.
Digital Asset Industry's Millionaire-Making Po...
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- Cointelegraph: [[130184, 'cpi-report-spurs-932-million-inflows-crypto-investment-funds', 5938, 'CPI report spurs $932M inflows into crypto investment funds ', '2024-05-20 22:09:26', 'Digital asset investment funds attracted $932 million in weekly inflows, according to CoinShares data.', 'Crypto-based investment products saw a significant inflow over the previous week, marking the second consecutive week of positive flows since the recent market downturn.\xa0According to CoinShares data, digital asset investment products amassed $932 million between May 13 and 17, driven by an immediate response to the U.S. Consumer Price Index (CPI) report, which seemed to show that inflationary pressures were moderating again. Despite higher nflows, weekly volumes remained relatively low at $10.5 billion, a sharp contrast to the $40 billion observed in March. “Interestingly, the inflows were an immediate response to the lower-than-expected CPI report on Wednesday, with the latter 3 trading days of the week making up 89% of the total flows, highlighting our view that Bitcoin prices have recoupled to interest rate expectations.”The May 15 CPI report\xa0revealed that inflation rose by 0.3% in April, following a 0.4% increase in March. The CPI grew by 3.4% year over year, driven by significant increases in the energy and food sectors. In a previous analysis, CoinShares Research noted that after spot Bitcoin exchange-traded funds (ETFs) were approved in the United States in January, factors influencing Bitcoin’s price re-aligned with market expectations around interest rates. Grayscale’s Bitcoin ETF saw minor inflows over the week, totaling $18 million. Since its conversion in January, the fund has witnessed outflows of $16.6 billion. Regionally, Hong Kong and Canada experienced outflows of $83 million and $17 million, respectively.According to CoinShares, a wide range of altcoin funds saw inflows over the previous week, including Solana (SOL), Chainlink (LINK) and Cardano (ADA), each seeing net flows of $4.9 million, $3.7 million and $1.9 million, respectively. Conversely, Ether (ETH) funds saw outflows of $23 million. Ether prices are still under pressure due to concerns about over how the Securities and Exchange Commission (SEC) will decide on spot Ether ETFs. The Commission’s first deadline over the crypto ETF is set to expire on May 23. Two ETF analysts, James Seyffart and Eric Balchunas, have revised their prediction regarding the SEC’s approval of spot Ether ETFs. Initially expecting a denial, the analysts now believe there is a 75% chance of approval after hearing new information about the SEC’s stance.\n'], [130181, 'bitcoin-price-hits-70k-as-spot-and-btc-etf-buying-surges', 20425, 'Bitcoin price hits $70K as spot and BTC ETF buying surges', '2024-05-20 20:47:14', 'Analysts believe Bitcoin price is en route to new highs now that the recent consolidation phase has come to an end.', "Bitcoin (BTC) price rallied to the coveted $70,000 mark amid a noticeable surge in spot buying and spot BTC exchange-traded fund (ETF) purchasing, with the cryptocurrency community pondering whether the bull market is just beginning or nearing its peak.\xa0Bitcoin charts and spot ETF activity highlight the trend reversalAnalyst “ELI5 of TLDR” suggested that the majority of on-chain indicators point to a nascent bull market, despite some showing topping patterns. The recent support bounce near $60,000 has sparked increased interest, with Farside Investors reporting approximately $950 million in inflows last week, a figure not seen since March. BTC/USDT daily chart. Source: TradingViewShould this trend continue, BTC could potentially exceed expectations. Currently, BTC is trading within a few hundred dollars of $70,000, with the 20-day EMA at $64,371 and a positive RSI indicating that an upward breakout is more likely. Overcoming the $68,000 resistance suggests that BTC price is on the path to $73,777, though this level may trigger a strong bearish response. Conversely, a break below the moving averages could signal a bearish downturn, with potential drops to $59,600 and $56,552. Changing U.S. monetary policy buoys Bitcoin priceIn the broader economic context, Bitcoin’s 51% year-to-date gain is reflective of investors' anticipation of U.S. monetary expansion, which saw the M2 monetary base surpass $21.0 trillion in April 2024.United States broader M2 monetary base, USD billion. Source: The Fed This increase in circulating money hints at rising inflationary pressures despite a period of spending hesitancy by companies and individuals. The United States Federal Reserve’s strategies to manage inflation and avoid a recession could impact the liquidity and, consequently, the attractiveness of scarce assets like Bitcoin. Related:\xa0ETFs buy 3X new BTC supply — 5 Things to know in Bitcoin this weekExchange reserves hit seven-year low as Bitcoin nears all-time highAdding to the bullish sentiment, exchange BTC reserves have plummeted to a seven-year low, with CryptoQuant data showing only 1,918,417 BTC available on major trading platforms as of May 19, a significant decrease from the previous year. Exchange BTC reserves. Source: CryptoQuantThis scarcity, coupled with the recent halving event that has halved the potential new supply from miners, makes a bearish stance on Bitcoin increasingly difficult to justify.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n\n"], [130176, 'bitcoin-price-tops-68k-but-a-few-concerning-headwinds-remain', 24691, 'Bitcoin price tops $68K, but a few concerning headwinds remain', '2024-05-20 19:30:00', 'Bitcoin price shows strength as investors expect the Fed to resume printing, but a handful of global macroeconomic headwinds are still in play. ', 'Bitcoin (BTC) last closed above $68,000 on April 11, despite trading above $67,000 several times in the past five days. Even as Bitcoin gained 2% on May 20, another 7% move is needed to meet its all-time high. Meanwhile, gold reached a record high of $2,450 on May 20, and the S&P 500 index climbed to its all-time peak of 5,325 points. This backdrop has left BTC investors pondering the factors restraining its progress.Bitcoin anticipated the U.S. monetary expansion, gaining 51% year-to-dateIt can be argued that Bitcoin’s 51% gains year-to-date reflect investors’ anticipation of the monetary expansion that has recently benefited other assets. With the United States Federal Reserve needing to inject liquidity — either to support the troubled banking sector or to stimulate the economy — investors typically turn to scarce assets for protection. This inclination intensifies if there is an increasing likelihood of an economic recession.United States broader M2 monetary base, USD billion. Source: The FedAccording to UFed data, the broader U.S. monetary base (M2), which had stagnated at $20.8 trillion since May 2023, surpassed $21.0 trillion in April 2024. This shift marks the end of a contraction period that began in April 2022 when the M2 indicator reached $22 trillion. Regardless of interest rate trends, the increase in circulating money suggests rising inflationary pressures, even if companies and individuals are currently hesitant to spend.However, it would be simplistic to assume that the U.S. government will continue to add liquidity if inflation remains a major public concern. For example, the Fed might choose to reduce interest rates while also taking steps to restrain the economy, such as increasing banks’ reserve requirements. This strategy could slow the expansion of the M2 monetary base in hopes of achieving a “soft landing,” which aims to avoid a recession following a period of high interest rates.Weak global real estate sector’s impact on investors’ expectationsSeveral factors are weighing on Bitcoin’s price, including some that are external to the cryptocurrency market and others related to the dynamics of Bitcoin trading and momentum. For instance, on May 17, Chinese authorities announced plans to address the region’s troubled real estate market. This decision underscored the risks of an economic downturn, given the sector’s fragile conditions.The People’s Bank of China (PBOC) will provide $42.2 billion to state-owned enterprises to purchase unsold apartments. Larry Hu, chief China economist at Macquarie, reportedly told CNBC that resources from local governments “may be too limited to move the needle at the macro level.” Hu further noted that “later on, we might see more efforts from the central government.” Consequently, investors remain skeptical that this one-off intervention by the central bank will resolve the issue.The risk of an economic crisis triggered by the real estate sector extends beyond China, as noted by Starwood Capital Group CEO Barry Sternlicht on May 15. According to Yahoo Finance, Sternlicht stated that “commercial real estate is facing a balance sheet crisis” and added, “borrowers will have trouble refinancing debt because interest rates have risen.” He also reportedly predicted that North American regional and community banks will likely begin failing.Bitcoin’s limited adoption and pressure from Grayscale’s holding firmFrom one perspective, the increased risk of an economic recession could be seen as beneficial for Bitcoin, as this cryptocurrency was specifically designed to function as an independent financial system. However, it is important to acknowledge that Bitcoin is still not mainstream, particularly as a closed-loop economic system or means of exchange. This is why investors, when seeking a hedge, seldom regard Bitcoin as a primary option, viewing it instead as a risk-on asset.On May 20, the CEO of asset manager Grayscale, Michael Sonnenshein, announced his resignation after a decade with the firm. Grayscale manages the Grayscale Bitcoin Trust (GBTC) spot exchange-traded fund. Its parent company, Digital Currency Group, was significantly affected by the bankruptcy of its crypto lending and trading business, Genesis, in January 2023. As a result, investors are concerned that a portion of the $19.4 billion GBTC fund might be liquidated, which could negatively impact Bitcoin’s price.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n\n'], [130174, 'price-analysis-5-20-spx-dxy-btc-eth-bnb-sol-xrp-ton-doge-ada', 6633, 'Price analysis 5/20: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA', '2024-05-20 18:25:45', 'Bitcoin price is chasing after its all-time high and altcoins appear ready to follow.', 'Bitcoin (BTC) rallied last week, but it remains inside a large range. Has Bitcoin topped out, or will the rally resume? That is the central question in every trader’s mind. Analyst “ELI5 of TLDR” said in a X post that five out of seven on-chain indicators show that the bull market may be just getting started, while two show topping patterns.Bitcoin’s bounce off the psychological support near $60,000 seems to have triggered buying interest in the spot Bitcoin exchange-traded funds. Farside Investors data shows roughly $950 million in inflows last week, the best weekly performance since March. If the inflows sustain, Bitcoin could surprise to the upside.Daily cryptocurrency market performance. Source: Coin360Markus Thielen, the head of research at 10x Research, is bullish on Bitcoin. Thielen said in a report that their Bitcoin ETF model predicts a new all-time high if Bitcoin crosses above $67,500.Will bulls clear the overhead barrier in Bitcoin and retest the lifetime high? Let’s analyze the charts to find out.S&P 500 Index price analysisThe S&P 500 Index (SPX) broke out to a new all-time high on May 15, indicating that the bulls are firmly in the driver’s seat.SPX daily chart. Source: TradingViewHowever, the bears are unlikely to give up easily. They will try to pull the price back below the breakout level of 5,265. If they manage to do that, it will suggest that the bullish momentum has weakened. The index may slump to the 20-day exponential moving average (5,202).If the price rebounds off the moving averages with strength, it will signal that the trend remains bullish. The index will then make another attempt to march ahead toward 5,500. On the contrary, if the price breaks below the moving averages, it will tilt the short-term advantage in favor of the bears. The index could then plunge to 5,000.U.S. Dollar Index price analysisThe U.S. Dollar Index (DXY) rebounded off the support line of the ascending channel pattern on May 16, but the recovery turned down from the 50-day simple moving average (105).DXY daily chart. Source: TradingViewThe downsloping 20-day EMA (105) And the RSI in the negative territory suggest that bears have the upper hand. Sellers will try to tug the price below the channel’s support line. If they do that, the index could descend to 103.17 and then to 102.35.Alternatively, if the price rebounds off the support line, it will signal that the bulls are fiercely defending the level. Buyers will have to drive the price above the moving averages to suggest that the index may remain inside the channel for some more time.Bitcoin price analysisBitcoin has been trading in a tight range near the $68,000 level for the past three days. Tight ranges near overhead resistance levels generally resolve to the upside.BTC/USDT daily chart. Source: TradingViewThe rising 20-day EMA ($64,371) and the RSI in the positive territory indicate the path of least resistance is to the upside. If the $68,000 level is conquered, the BTC/USDT pair could start its journey to $73,777. This level may witness strong selling by the bears.The moving averages are the crucial support to watch for on the downside. A break and close below the moving averages suggest that the bulls have given up. The pair may dump to $59,600 and subsequently to $56,552.Ether price analysisEther (ETH) turned down from the resistance line on May 19, but the bulls did not allow the price to dip below the 20-day EMA ($3,048).ETH/USDT daily chart. Source: TradingViewThe bulls will again attempt to shove the price above the resistance line. If they do that, it will signal a potential trend change in the near term. The ETH/USDT pair could rally to $3,400 and thereafter to the overhead resistance at $3,730.If bears want to maintain their hold, they will have to pull the price below the 20-day EMA and sink the pair below the critical support at $2,850. The pair could then collapse to the channel’s support line.BNB price analysisBNB (BNB) has been clinging to the moving averages for the past few days, indicating indecision between the bulls and the bears.BNB/USDT daily chart. Source: TradingViewThe flattish moving averages and the RSI just below the midpoint do not clearly favor either the bulls or the bears. If the price falls below the support line of the triangle, it will suggest that bears have seized the advantage. The BNB/USDT pair could then decline to $536.Contrarily, if the price turns up from the support line and rises above the resistance line, it will signal that bulls have the edge. The pair could then retest the overhead resistance at $635.Solana price analysisSolana (SOL) has been gradually moving toward the immediate resistance at $185, signaling demand from the bulls.SOL/USDT daily chart. Source: TradingViewThe bears tried to pull the price below the breakout level of $162 on May 19, but the bulls held their ground. The $185 level may act as a minor hurdle, but if bulls overcome this obstacle, the SOL/USDT pair could surge to $205.Contrary to this assumption, if the price turns down from the current level or $185 and breaks below the moving averages, it will suggest that the bears are active at higher levels. The pair may then drop toward $140.XRP price analysisXRP (XRP) rose above the 20-day EMA $0.52 on May 17, but the bulls could not sustain the higher levels. This suggests that the bears are selling on relief rallies.XRP/USDT daily chart. Source: TradingViewThe price is getting squeezed between the support line and the 50-day SMA ($0.53). The flattish 20-day EMA and the RSI just below the midpoint suggest a balance between supply and demand.A break and close below the support line could sink the XRP/USDT pair to the critical support at $0.46. This level is likely to witness solid buying by the bulls because a break below it may open the doors for a drop to $0.41. On the upside, if bulls pierce the 50-day SMA resistance, the pair could soar to $0.57.Toncoin price analysisToncoin (TON) has been trading inside a wide range between $4.72 and $7.67 for several days, indicating uncertainty about the next directional move.TON/USDT daily chart. Source: TradingViewThe flattening 20-day EMA ($6.35) and the RSI near the midpoint suggest that the TON/USDT pair may remain inside the range for a while longer. If the price rebounds off the moving averages with strength, the pair will again attempt to clear the overhead hurdle at $7.67.Instead, if the price continues lower and breaks below the 50-day SMA ($6.02), it will suggest that the bears have a slight edge. The pair could then descend to the vital support at $4.72. The bulls are expected to vigorously defend the level.Dogecoin price analysisDogecoin (DOGE) has been trading near the 20-day EMA ($0.15) for the past few days, signaling a balance between buyers and sellers.DOGE/USDT daily chart. Source: TradingViewThe flattish 20-day EMA and the RSI near the midpoint suggest that the DOGE/USDT pair may remain inside the $0.12 to $0.17 range for some time. If the price rises and breaks above $0.17, it will signal that the correction may be over. The pair could then surge to $0.21.On the other hand, if the price breaks below $0.12, it will complete a bearish head-and-shoulders pattern, clearing the path for a drop to $0.08.Cardano price analysisThe bulls are struggling to push Cardano (ADA) above the 50-day SMA ($0.49), signaling that the bears are fiercely defending the level.ADA/USDT daily chart. Source: TradingViewThe bears will try to tug the price below the 20-day EMA and challenge the support line. If the price rebounds off this level, it will suggest that the ADA/USDT pair may stay inside the triangle for a while.If the price turns up from the current level, the bulls will again attempt to overcome the obstacle at the resistance line. If they succeed, the pair may start its northward march toward $0.52 and then $0.57.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n\n'], [130159, 'xlink-kaamel-technology-10m-breach-investigation', 6181, "Kaamel Technology to lead investigation into XLink's $10M breach", '2024-05-20 14:35:08', 'XLink is partnering with Kaamel Technology to investigate the initial cause of the breach while accelerating previously communicated security upgrades ', "Bitcoin bridge XLink announced on May 20 that it is partnering with Kaamel Technology as part of its first major initiative to investigate a recent security breach. According to a post on X, XLink has “accelerated” collaborations with Ancilia and Cobo to secure the Bitcoin bridge platform against future breaches in parallel to this partnership.“We are pleased to announce that XLink is taking decisive actions to reinforce the security of our platform. Our first major initiative is the strategic engagement with Kaamel Technology for Incident Response.”XLink’s partnership with cybersecurity firm Kaamel Technology aims to thoroughly investigate “the root cause” of the May 15 breach, which involved almost $10 million in user funds. According to XLink, Kaamel Technology will conduct an “in-depth investigation” and implement measures to “eliminate vulnerabilities and prevent future breaches.”\xa0As part of XLink’s major initiative, the Bitcoin bridge is expediting its partnership with Ancilia Inc. to enhance “real-time on-chain monitoring infrastructure.” Ancilia alerted XLink to the recent attack, enabling the bridge provider to take suitable mitigation actions before further funds were stolen.Additional steps are also being taken in collaboration with Cobo, XLink's BTC custodian:“Our partnership with @Cobo_Global , our BTC custodian, whose robust setup secured the reserve asset of aBTC, is being expanded to expedite the migration of our web3 key management to the Cobo MPC infrastructure.”XLink explained that alongside partnerships with “Cobo, Ancilia, and Kaamel Technology,” its approach includes plans to announce additional partnerships in the future in efforts to “fortify [the] platform’s security.”\xa0\xa0The $10 million hack that prompted XLink’s spree of security partnership developments involved the compromise of the Ethereum and BNB Smart Chain endpoints. The attacker withdrew around $4.3 million after acquiring private keys through a phishing scheme — but was soon foiled by a white hat hacker who recovered the stolen assets. Bitcoin layer-2 developer Alex Labs — the creator of the XLink bridge — was also exploited on May 15, with around $13.7 million in Stacks (STX) tokens siphoned due to “compromised private keys.”\n"], [130145, 'bitcoin-etfs-decentralization-threat', 10805, 'Bitcoin ETFs are ‘orange FOMO poker chips’ that siphon on-chain funds back into TradFi', '2024-05-20 12:43:09', 'Bitcoin’s goal of creating a decentralized financial system may be challenged by ETFs “dragging money back into the TradFi world,” according to a macro researcher.', 'Despite promising to bring more baby boomers into Bitcoin, the United States spot Bitcoin exchange-traded funds (ETFs) could pose a greater risk to on-chain adoption and liquidity.One of the biggest concerns with ETFs is how they could cannibalize on-chain liquidity, according to Jim Bianco, founder of macro research firm Bianco Research, who wrote in a May 19 X post:“Pulling money off-chain into the Tradfi world in the form of an orange FOMO poker chip will not get digital assets to the promised land of a new decentralized financial system. If anything, it is getting in the way of this goal.”The warning comes during a decisive week for the Bitcoin (BTC) price, which is trading below a crucial resistance line. Bitcoin could rally to new all-time highs if it manages to decisively break above the $67,500 mark, according to Markus Thielen, the head of research at 10x Research.However, instead of facilitating more adoption, the ETFs seem to pull on-chain liquidity into traditional finance (TradFi), which was a long-standing concern for the macro researcher. This is evidenced by the first quarter financial results of Coinbase, which showed that revenue stood at $1.64 billion despite retail trading volume being just half of 2021 levels. Meanwhile, institutional trading volume increased to $256 billion in Q1 from $215 billion in Q1 of 2021.According to Bianco, this is a sign of Coinbase balancing institutional growth to offset retail trading decline:“Above is $COIN telling us that retail still thinks on-chain is too hard, and $COIN is too limiting? They would rather own BTC in a Tradfi brokerage account? In other words, are they content with a receipt (ETF) that trades on the NYSE that they own BTC in a regulated account rather than adopting the new financial system directly?”In any case, the findings could raise a problematic question for Bitcoin’s narrative as a decentralized alternative to the fiat fiscal system. Bianco wrote:“If the goal is to develop a new financial system, an ETF dragging money back into the Tradfi world is not getting to that promised land.”Moreover, the ETFs have also failed to attract baby boomers, as over 85% of the underlying BTC is held by retail investors, with only 10% held by hedge funds:“Throughout the quarter, we were confidently told boomers were calling their wealth managers and telling them to get into BTC. This is not the case for 95+% of the Spot BTC ETF holdings.”Inflows from the U.S. Bitcoin ETFs turned positive on the week of May 6, following a three-week slump of net negative outflows. The U.S.-based spot Bitcoin ETFs amassed over $200 million worth of cumulative net inflows during the past week, according to Dune data.Bitcoin ETF net flows, weekly, in dollars. Source: DuneBitcoin ETF price combined with average purchase price indicates retail trading behaviorThe average purchasing price of the spot Bitcoin ETFs stood between $58,000 to $59,000. There was a widespread sell-off when Bitcoin fell below the $60,000 mark at the beginning of May, suggesting that retail investors are behind the majority of these moves.\xa0“When the price went to this level on May 1, these ETFs had record outflows. Now that the price is well above this average price, outflows stopped. This is Degen behavior,” Bianco said.Average purchase point of spot Bitcoin ETF inflows. Source: Jim BiancoInstitutional inflows from ETFs were a significant part of the current Bitcoin rally to new all-time highs. By Feb. 15, Bitcoin ETFs accounted for about 75% of new investment in the world’s largest cryptocurrency as it surpassed the $50,000 mark.\n'], [130135, 'how-to-buy-bitcoin-in-switzerland', 1592, 'How to buy Bitcoin in Switzerland', '2024-05-20 10:51:28', 'Is Bitcoin legal in Switzerland? Discover Swiss banks’ attitudes toward crypto and various ways to buy BTC.', 'Switzerland has emerged as a digital innovation hub due to progressive regulations and a welcoming atmosphere for crypto enterprises. At the core of this innovation lies Zug, dubbed the Crypto Valley, which houses hundreds of firms spearheading fintech and blockchain development. The country’s robust regulatory framework ensures security and privacy for stakeholders involved, earning it a prominent position in the landscape of crypto innovation.The Henley & Partners Crypto Adoption Index report 2023 places Switzerland second, with an impressive score of 46.9%. Switzerland performed well in innovation and technology, regulatory environment and economic factors.This article delves into the process of purchasing Bitcoin (BTC) in Switzerland and explains if Bitcoin is legal in Switzerland, Swiss banks’ attitudes toward cryptocurrency, and how to buy Bitcoin via crypto exchanges, Bitcoin ATMs, P2P platforms and Swiss Federal Railways (SBB) machines.Is Bitcoin legal in Switzerland?Switzerland follows a forward-looking approach when it comes to cryptocurrencies such as Bitcoin. Swiss regulators acknowledge Bitcoin as a legal asset or property, with exchanges and digital currency platforms allowed to function within Swiss borders once they obtain the required permissions.Gains made via Bitcoin are liable for income tax for corporations and professional traders or wealth tax for individuals. A robust blockchain ecosystem has been cultivated in Switzerland thanks to the country’s crypto-friendly regulations, especially in the canton of Zug, which is known as Crypto Valley because of the concentration of cryptocurrency and blockchain-related enterprises there. Switzerland has enacted laws governing virtual asset service providers (VASPs) to ensure security and transparency in the crypto industry. VASPs need to comply with the Financial Services Act (FinSA) and the Anti-Money Laundering (AML) Act to operate in Switzerland. They need to implement Know Your Customer (KYC) processes and conduct extensive customer due diligence. These organizations must also register with the Financial Market Supervisory Authority (FINMA) and follow stringent reporting guidelines.Regulations in Switzerland consider a VASP to be operating professionally if it:Generates a gross revenue exceeding 50,000 Swiss francs per calendar year.Establishes business relationships with more than 20 contractual parties within a calendar year.Exercises unrestricted control over third-party funds totaling more than 5 million francs.Executes transactions with a total volume surpassing 2 million francs annually.How Switzerland’s banking sector is embracing cryptocurrencies and blockchain Let’s take a look at the kind of crypto products rolled out by Swiss banks and how they have been embracing blockchain technology:Types of cryptocurrency products and services offered by banks in SwitzerlandSwiss banks offer various types of cryptocurrency products and services:Trading and brokerage: Certain banks enable their clients to buy and sell cryptocurrencies through partnerships with specialized platforms.Integration of wealth management: Some banks use cryptocurrency in investment portfolios for specific clientele. Custodial services: To attract institutional investors and alleviate security concerns, several banks hold cryptocurrency assets on behalf of their clients. Crypto-related products: A few banks are leading the way in innovation by developing investment funds or structured products based on cryptocurrency performance. Swiss banks dabbling with blockchain technologyMany banks in Switzerland are embracing blockchain technology to enhance their operations. For instance, Cantonal Bank incorporates blockchain to diversify revenue streams and attract younger, tech-savvy customers. Falcon Private Bank, Julius Bär, and Vontobel banks cooperate with cryptocurrency experts to provide trading and asset storage services. Maerki Baumann Bank provides corporate banking accounts to companies, particularly those raising funds through security token offerings (STOs). Santander Private Banking International has also announced plans to provide cryptocurrency trading and custody services to its high-net-worth clients in Switzerland. All these services will be offered following Switzerland’s advanced crypto legislation.How to buy Bitcoin in SwitzerlandUsers have several options when it comes to buying Bitcoin in Switzerland:Cryptocurrency exchanges Switzerland, known for its robust financial regulatory ecosystem, hosts both global and local crypto exchanges. International exchanges such as Binance, Crypto.com and Kraken enable residents to trade various cryptocurrencies. Native exchanges like Bitcoin Suisse also cater to institutional investors and individual traders. Here is a step-by-step process of how to use a cryptocurrency exchange to buy Bitcoin in Switzerland.Choose a crypto exchangeUsers should do their research and pick a secure cryptocurrency exchange with a track record to prove its credentials. Users should conduct thorough research, read user reviews and consider their trading needs before selecting a platform. Set up an accountOnce the user has chosen an exchange, they must create an account. Swiss regulations require the exchanges to ensure all users have completed identity verification processes, including KYC.Fund your accountAt this stage, users need to fund their exchange account with Swiss francs or any other recognized fiat currencies. Users may use bank transfers, credit/debit cards or other payment options.Place an orderThe user can state how much Bitcoin they wish to acquire. When choosing spot trading, they could place a market or a limit order. A limit order runs only when the price hits a predetermined threshold. A market order executes immediately at the current market price.VerificationBefore confirming the transaction, one should double-check the details of their order, including the price and quantity. After verification, the exchange will process their order and credit their exchange account with the cryptocurrency ordered.Store crypto After buying Bitcoin, one might keep it on the exchange or, for added security, transfer it to a private cryptocurrency wallet. Bitcoin ATMBitcoin ATMs, or BTMs, let customers buy Bitcoin and other cryptocurrencies using cash.Similar to conventional ATMs, users can deposit cash, choose their preferred cryptocurrency, and receive coins of the equivalent value in their chosen wallet. Users can also deposit cryptocurrencies and withdraw cash after completing verification.According to Coin ATM Radar, over 130 ATMs are present across Switzerland as of May 2024. Basel, Bern, Genève, Ipsach, Lausanne, Biel/Bienne, Chur and Lugano are home to most of the ATMs, with Zurich being home to almost 40 Bitcoin ATMs.Peer-to-peer platformsThe peer-to-peer (P2P) exchange refers to buying or selling Bitcoin directly with another person on a platform: Choose and register on a P2P platformOpt for a credible platform that facilitates P2P trading. Platforms such as Paxful and Remitano offer escrow services to guarantee security.On the P2P platform, create an account. Share the required details and finish any identity verification processes the platform requests.Find sellersUsers need to look through the platform’s list of sellers and select one that fits their requirements. Take into account aspects such as transaction restrictions and seller credibility.Open a tradeOne can open a trade with the chosen seller by mentioning the quantity of Bitcoin they wish to purchase and their preferred method of payment. Online wallets, PayPal, bank transfers and cash deposits are a few popular ways to make payments.Discuss termsSpeak to the seller and negotiate the conditions of the trade, including the exchange rate and payment instructions. Users should address any queries or worries they may have before completing the purchase.Finalize the transactionPay the seller via bank transfer or debit/credit card. The money will go to the escrow account. Users need to ensure that Bitcoin has arrived in the wallet before sending confirmation to the exchange.Swiss Federal Railways machinesIn 2016, the SBB introduced a new medium for buying Bitcoin straight from ticket vending machines. With over 1,000 machines spread around 700 rail stations, this program provides access to cash-based Bitcoin transactions.To buy Bitcoin from the railway ticket machines, a user must have a Bitcoin wallet and a Swiss mobile phone number. Anyone can access crypto-enabled SBB machines to buy Bitcoin 24/7. Buyers can also purchase and keep Bitcoin offline using a paper wallet.Though convenient, SBB’s Bitcoin service imposes exorbitant fees, ranging from 6% to 14%, making Bitcoin purchases expensive.How and where to spend Bitcoin in SwitzerlandSpending cryptocurrency is becoming more and more feasible in Switzerland as the adoption is steadily increasing. In Zurich and Geneva, lots of restaurants, shops and luxury boutiques take payments in crypto. Lugano, the largest city in the Italian-speaking region of southern Switzerland, has de-facto adopted BTC as legal tender. Renowned brands such as McDonalds, Rolex and Lamborghini and regular businesses like pharmacies, convenience stores and tobacco shops in the city accept BTC as payment.Across the country, a large number of online merchants and service providers give customers BTC and other crypto payment choices, with no shortage of services facilitating the conversion between fiat and crypto.The country hosts many Bitcoin ATMs, simplifying the process of exchanging Bitcoin for Swiss francs and vice versa. Switzerland’s positive approach toward digital currencies has provided holders with a range of choices regarding how to buy Bitcoin and other cryptocurrencies.How to store Bitcoin in SwitzerlandStoring crypto assets is important due to risks such as thefts, hacking, scams and cyberattacks. Leaving assets on exchanges could expose them to hacking risks. Though spreading assets across multiple exchanges reduces risk, reliance on centralized exchanges might result in potential hazards. Hot wallets that are connected to the internet are always susceptible to hackers.For heightened security, crypto can be kept offline in cold wallets. Physical devices like USB drives or paper wallets that are disconnected from the internet are termed cold wallets. This isolation gives them better protection against online threats and makes them a preferred choice for long-term storage of cryptocurrency assets.'], [130130, 'bitcoin-breakout-67k-new-highs', 11656, 'Bitcoin rally above $67.5K could spark new record highs, says 10x Research', '2024-05-20 09:47:27', 'Bitcoin could be on the brink of a rally to new record highs, but it still has one significant resistance to overcome, according to Markus Thielen.', 'Bitcoin’s price could start rallying to new all-time highs if it manages to decisively rise above the crucial $67,500 mark.The $67,500 level is acting as a significant resistance line for Bitcoin (BTC), which could determine its price action in the coming weeks, according to a May 20 report by Markus Thielen, the head of research at 10x Research.Thielen wrote:“A breakthrough above $67,500 could potentially lead to new all-time highs, a scenario that our Bitcoin ETF model predicts.”The predictions come after Bitcoin staged a significant recovery above the $66,000 psychological mark. The world’s first cryptocurrency is up over 7.3% during the past week, according to TradingView.BTC/USDT, 1-day chart. Source: TradingViewLast week’s price recovery is a promising sign for Bitcoin’s price action, added Thielen:“A breakthrough above $67,500 could potentially lead to new all-time highs, a scenario that our Bitcoin ETF model predicts.”Inflows from the United States spot Bitcoin exchange-traded funds (ETFs) remained positive for the second consecutive week, as the ETFs amassed over $200 million worth of cumulative net inflows, which is just half compared to the previous week’s $413 million, according to Dune.Before the week beginning May 6, Bitcoin ETF net flows had been negative for three consecutive weeks.Bitcoin ETF Net Flows, Weekly, Source: DuneInstitutional inflows from ETFs were a significant part of the current Bitcoin rally to new all-time highs. By Feb. 15, Bitcoin ETFs accounted for about 75% of new investment in the world’s largest cryptocurrency as it surpassed the $50,000 mark.However, Bitcoin faces significant resistance at the $67,500 mark. A potential move above would liquidate nearly $300 million worth of leveraged short positions across all crypto exchanges, according to CoinGlass.Bitcoin exchange liquidation map. Source: CoinGlassTether’s newly-minted USDT could boost Bitcoin priceOn the monthly chart, Bitcoin has flipped an important resistance into support, which could signal more bullish momentum, according to a May 16 X post by popular crypto analyst Rekt Capital. BTC/USD, 1-month chart. Source: Rekt CapitalThe move happened as Tether minted $1 billion worth of its Tether (USDT) stablecoin on May 17, bringing its yearly total to $31 billion of newly issued USDT.The newly minted USDT was a big reason why Bitcoin price climbed from $27,000 to $73,000, according to a May 17 post from Lookonchain:Bitcoin chart with newly-minted USDT. Source: LookonchainTether could also directly contribute to Bitcoin’s rally. The company said it would invest 15% of its net profit in Bitcoin to diversify the stablecoin’s backing assets. Tether acquired 8,888 BTC on March 31, worth $618 million, making the stablecoin issuer the seventh-largest Bitcoin holder in the world, according to BitInfoCharts.\n'], [130125, 'etfs-buy-3x-new-btc-supply-5-things-bitcoin-this-week', 6717, 'ETFs buy 3X new BTC supply —\xa05 Things to know in Bitcoin this week', '2024-05-20 08:18:34', 'Bitcoin is facing renewed calls for a supply shock as exchange reserves hit seven-year lows, and BTC price action focuses on final resistance.', 'Bitcoin (BTC) starts a new week in fighting form as $67,000 returns with TradFi markets.The largest cryptocurrency is edging closer to a rematch with final resistance around all-time highs past and present at $69,000 and $73,800.Whether it gets there in the coming days is the main preoccupation facing market participants, and various factors could contribute to a bullish continuation.These include United States economic policy cues as the Federal Reserve releases minutes from its May meeting, while U.S. unemployment data is also waiting in the wings.When it comes to BTC price action, traders are getting ever more confident that a local bottom has come and that upside is what should result after two months of consolidation.Meanwhile, a refreshing divergence may be playing out — prices are higher, but sentiment is lingering around lower levels than during the March peak.Could a more sustainable journey to price discovery be on the cards?Against this backdrop, Cointelegraph takes a closer look at the issues surrounding Bitcoin markets this week.Bitcoin bulls keep up pressure below all-time highsBitcoin certainly feels back in business this week, returning to near $67,000 into the Asia session after briefly dipping into the weekly close, data from Cointelegraph Markets Pro and TradingView shows.That brief spate of weakness accompanied geopolitical uncertainty from Iran, but markets soon forgot this as BTC/USD preserved its 10% May gains.The latest data from monitoring resource CoinGlass now shows that the bulk of immediate overhead resistance lies just below $68,000.BTC liquidation heatmap (screenshot). Source: CoinGlassAdditional data shared to X by IT Tech, a contributor to on-chain analytics platform CryptoQuant, shows liquidation levels surrounding spot price.BTC liquidation levels. Source: IT TechCommenting on the latest BTC price action, market participants were in a positive mood. “Beauty of a BTC weekly close. First Bullish engulfing weekly since October 2023,” popular trader Crypto Damus noted.Crypto Damus referred to last week’s candle erasing previous losses to close at $66,210.BTC/USD 1-week chart. Source: TradingViewMichaël van de Poppe, founder and CEO of trading firm MNTrading, reiterated his thoughts regarding a steady trek toward new highs for Bitcoin.“Bitcoin is likely going to continue to be moving in this range. I’m not expecting massive volatility to come,” he told X subscribers over the weekend. “I’d rather expect consolidation and slow upwards movements towards the all-time high.”Crypto total market cap chart. Source:\xa0Michaël van de PoppeVan de Poppe nonetheless added that he expected altcoins to “outperform” while this was happening, these having suffered more acutely during Bitcoin’s consolidation phase.“Slow upwards grind, slowly but surely accelerating towards a vertical move in Q3/Q4,” a further post predicted.As Cointelegraph reported, however, not everyone shares these views. At the weekend, trader and commentator Credible Crypto revealed a belief that $60,000 or even lower should come next for BTC/USD.U.S. jobs data, Fed headline macro weekThe macro landscape will not be dominated by U.S. economic reports in the coming days.Instead, the Fed takes center stage in the form of a slew of speaking appearances from senior officials.While Chair Jerome Powell is not due to be among them, markets nonetheless watch the language used by governors and others for cues as to future policy.The minutes from the May meeting of the Federal Open Market Committee, where interest rates were discussed, are due for release on May 22.Thereafter, U.S. jobless claims could provide another bout of volatility for risk assets, continuing a trend in May and previous months.At the same time, attention is increasingly focusing on favorable liquidity conditions in both the U.S. and beyond. In his latest X content, financial commentator Tedtalksmacro suggested that crypto bull run is “far from over” as a result.Tedtalksmacro flagged an early liquidity cycle now beginning, along with M2 money supply displaying “plenty of room to the upside for easing liquidity conditions.”“While liquidity is definitely back in crypto (BTC ETFs), the velocity of inflow has not yet seen a manic phase consistent with cycle tops,” he continued about crypto market trends.U.S. M2 money supply. Source: TedtalksmacroBitcoin ETFs preempt “new faith” in BTCTedtalksmacro touched on what could shape up to be a strong comeback from the U.S. spot Bitcoin exchange-traded funds (ETFs).After struggling for weeks on end since Bitcoin’s all-time highs in March, the spot ETF products are seeing renewed interest. Last week, inflows hit almost $1 billion — the best weekly performance since March.“Expect these to only increase as price drifts higher and tradFi once again renew faith in the asset,” Tedtalksmacro concluded.ETF demand lies within a new landscape. Bitcoin’s block subsidy is half of what it was in March, and large inflows cause the ETF providers to purchase much more BTC than that which is added to the supply by miners daily.“Bitcoin ETFs have purchased 21,700 BTC ($1.5B) in the month to date,” Thomas Fahrer, CEO of crypto reviews portal Apollo, revealed last week. “This is 3X the supply of new bitcoin from miners.”Bitcoin ETF net flows. Source: Thomas FahrerThe U.S. spot ETFs alone now hold approximately 2.8% of the total BTC supply.Bitcoin exchange reserves plummet to seven-year lowsWhen it comes to demand for Bitcoin, few statistics tell a more bullish story than exchange BTC reserves.New data currently circulating on social media puts the amount of Bitcoin available for purchase on major trading platforms at the lowest since 2017.This comes courtesy of CryptoQuant, which puts the tally at 1,918,417 BTC as of May 19. A year ago, this was around 400,000 BTC higher.Exchange BTC reserves. Source: CryptoQuant“Right on time for a second wave of ETF Flows,” Fahrer commented on the phenomenon, drawing attention to a combination of “demand shock” and “inelastic supply” going forward.“In 2021, during the peak of the bull market, approximately 2.7 million Bitcoin were held in exchange reserves, with Bitcoin trading around $69,000. Three years later, the reserves have decreased to about 2 million Bitcoin, yet the trading prices are nearing historical highs,” CryptoQuant contributing analyst meanwhile wrote in one of its Quicktake market updates last week. “The recent halving event has effectively cut the potential new supply from miners by half, significantly reducing the likelihood of new Bitcoin entering the market through sales. Given these dynamics, it becomes challenging to maintain a bearish stance on Bitcoin.”Sustainable greed?In what could become an encouraging sign for short-term market sentiment, the Crypto Fear and Greed Index is not rushing to extremes on the current BTC price move higher.Related: Bitcoin preps ‘golden cross,’ which last sparked 170% BTC price gainsThe index, which uses a basket of factors to determine the sustainability of overall crypto sentiment, currently stands at 70/100.Crypto Fear and Greed Index (screenshot). Source: Alternative.meWhile “greedy,” this is so far devoid of the excessive levels seen during the trip to Bitcoin’s all-time highs in March, when it hit 90/100.Analyzing the mood, research firm Santiment nonetheless determined the most bullish feeling on Bitcoin since January.“The crowd’s sentiment has shifted toward Bitcoin after the surprise bounce above $66K Wednesday (and now above $67.2K),” part of an X post from May 17 reads.Santiment added that “FOMO” on the part of buyers needs to stay low in order for the positive trend to continue. Bitcoin, Chainlink sentiment analysis. Source: SantimentThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.\n\n'], [130121, 'bitcoin-would-need-hit-93k-flip-silver-right-now', 6710, 'Bitcoin would need to hit $93K to flip silver right now', '2024-05-20 06:03:13', 'Silver’s market cap has risen to over $500 billion larger than Bitcoin despite the cryptocurrency flipping the precious metal just two months ago.', 'Silver has staged an impressive comeback against Bitcoin\xa0in 2024,\xa0surpassing the cryptocurrency as the eighth-largest asset by market cap after losing its position in March. The world’s second most valuable metal has rallied 33.4% since Bitcoin (BTC) reached a record $73,737 on March 14, while Bitcoin has retraced 9.5%, according to CoinGecko.As a result, silver’s market cap of $1.83 trillion is now $500 billion more than Bitcoin’s, which is currently at $1.31 trillion, according to Companies Market Cap — meaning Bitcoin would need to rally 40% to $93,000 to flip silver’s current market cap (if all else remains equal.)World’s largest assets by market cap. Source: Companies Market CapBitcoin is currently the world’s ninth-largest asset, trailing gold, Microsoft, Apple, Nvidia, Google, Saudi Aramco, Amazon and silver.Gold has also distinguished itself, increasing 22.4% since Feb. 13, according to Trading Economics. It currently has a market cap of $16.4 trillion.Industry pundits were split on how Bitcoin’s price would move after notching a new all-time high in March.Bitcoin analyst Dylan LeClair previously noted that Bitcoin tends to double within months of reaching new highs, particularly around halving events. However, Bitcoin has a significantly higher market cap now than it did in 2020, 2016 and 2012, making it more difficult to achieve such a feat.Galaxy Digital founder and CEO Mike Novogratz says Bitcoin will stay in a “consolidation phase” between $55,000 and $75,000 over the next month and potentially rise toward the end of the second quarter.Analysts at cryptocurrency trading platform Bitfinex predict Bitcoin could reach $150,000 over the next 12 months. Many industry pundits have cited the spot Bitcoin exchange-traded funds and the post-halving effect as the main drivers behind these high predictions. Bitcoin’s market sentiment\xa0score is currently 70 out of 100, firmly in the “Greed” zone in the Crypto Fear and Greed Index.Crypto Fear and Greed Index score. Data from May 20. Source: Alternative.me\n'], [130119, '5-on-chain-indicators-suggest-bull-run-just-beginning', 9916, '5 of 7 on-chain indicators suggest the bull run is just beginning', '2024-05-20 05:44:56', 'On-chain indicators such as the Bitcoin MVRV Z score, Puell Multiple and hodl waves paint a bullish picture for Bitcoin investors.', 'Despite crypto markets having consolidated sideways for the past three months, at least five on-chain indicators suggest the bull market may just be getting started, according to an analyst.\xa0Since the end of February, the total market capitalization of crypto has been range-bound at around $2.5 trillion. Market observers are conflicted about whether the cycle is already over or not.These five on-chain indicators, as highlighted by analyst “ELI5 of TLDR” in an X post on May 19, suggest it is just beginning.Source: ELI5 of TLDRBitcoin market dominance above 56%Historically, crypto bull markets start with a high level of Bitcoin (BTC)\xa0dominance, with most traders selling their altcoins during the prior bear market cycle.On the other hand, when BTC dominance drops and altseason begins,\xa0it signals the next stage of the bull cycle, bringing it one step closer to its end, but this doesn’t seem to be the case just yet. Bitcoin\xa0market dominance is still high at just over 56%, according to TradingView. Bitcoin’s market share has been above 50% since October 2023.Bitcoin MVRV Z score under sixThe Bitcoin market value to realized value, along with its z-score statistical correction score (MVRV Z), compares the asset’s current market value or capitalization to its historical average value and usually tops at around six during cycle peaks, according to LookIntoBitcoin.The score is currently less than three\xa0and has not been above six since March 2021,\xa0according to LookIntoBitcoin.Bitcoin MVRV-Z score. Source: LookIntoBitcoinPuell multiple hasn’t reached over threeThe Puell multiple is another metric that aligns with cycle peaks and has yet to do so. This indicator is calculated by dividing the daily value of Bitcoin mined by the yearly moving average of that value.According to Coinglass, the Puell multiple dropped below one after the halving on April 20. Peaks of over three usually coincide with cycle tops, and it only reached 2.4 during the 2024 price pump in mid-March. Hodl wavesMeanwhile, charts showing how much BTC is held by different cohorts based on hodl waves also look bullish for Bitcoin, according to LookIntoBitcoin. Realized cap hodl waves provide a macro view of the amount of Bitcoin held by recent buyers compared to longer-term holders.A falloff in peaks in younger bands suggests that selling pressure has been exhausted, and there could be room for more gains.“More BTC newcomers are less [committed] and are more likely to panic sell. Looks like we can still go up,” added ELI5.Bitcoin realized cap hodl waves. Source: LookIntoBitcoinBitcoin miner revenue per hashThe fifth bullish on-chain metric is the miner revenue per hash, which shows how much money miners are making.While it will trend down over time as network difficulty increases, ELI5 noted that the past two spikes to $0.3 per terahash came during previous market cycle peaks.On the other hand, a couple of on-chain metrics suggest that markets could be overheated and reaching the top. The realized hodl (RHODL) ratio compares the average price of recently bought coins to that of coins bought one to two years ago. If new buyers pay much more for BTC than longer-term holders, this could signal that the market is reaching a peak, as the metric indicated in March. RHODL ratio. Source: LookIntoBitcoinThe cumulative value-days destroyed (CVDD) metric also appears to have peaked. This tracks the cumulative sum of value-time destruction as coins move from old hands into new hands as a ratio of the market age.“If a lot of old coins start moving all at once, it could be a sign that the market is reaching a peak,” said ELI5.\xa0At the time of writing, BTC was trading at $66,668, down 10% from its mid-March all-time high.Magazine: Trader turns $3K into $46M in PEPE, Ethereum gas overhaul, Tornado dev guilty: Hodler’s Digest, May 12-18\n']]
- Bitcoin News: [[649488, '2024-05-20 23:37:19', 'Understanding Notcoin: The Token Behind the Click-to-Mine Telegram Game', 'understanding-notcoin-the-token-behind-the-click-to-mine-telegram-game', 'Jamie Redman', 'This week, the crypto community has been buzzing about a new token called notcoin (NOT), recently launched on The Open Network (TON). This token is tied to a game on Telegram where users earn NOT by completing tasks and clicking a button, featuring a distinctive click-to-mine system. The following is a comprehensive overview of what NOT is and how it operates. Unpacking the New Token NOT on TON There’s a new coin that’s been launched on The Open Network (TON) and its associated with an application called Notcoin, a clicker game in Telegram, where you can earn Notcoins by playing alone or with a team of friends. The game was officially revealed in November 2023. After the intro, Notcoin quickly gained traction as a simple, engaging game on Telegram where users “mined” tokens by tapping on an icon but now the actual coin is minted on TON and trading on several crypto exchanges. Basically inside the game a user performs tasks and taps on the coin icon within the Telegram application. Every tap equaled a single notcoin (NOT) and just like mining bitcoin (BTC), you expend energy to mine NOT, and that energy runs out. It refreshes, however, when the user is not participating in the click-to-mine process. Without really openly telling people about the game, Notcoin witnessed millions of users from all around the world sign up. The initial mining scheme of NOT officially ended on March 31, 2024. On May 20, 2024, there’s more than 102 billion NOT in existence on the TON chain. It is currently valued at $0.00568 per unit which gives it a market capitalization of $574 million. According to NOT’s tokenomics, NOT miners got 78% of the supply and Binance’s Launchpool was distributed 3%. There’s an ecosystem fund that got 9% of the supply and developers get 5%. Another 5% of the supply is meant for community incentives. Four days ago, NOT hit an all-time high (ATH) of $0.007486 per coin, and today, it is down 24.8% lower than the ATH reached on May 17, 2024. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); The meteoric rise of Notcoin, a seemingly innocuous clicker game, has defied expectations so far, captivating millions worldwide and solidifying its place in the burgeoning world of cryptocurrency. At press time it’s within the top 200 largest coins by market valuation positioned at 146 among thousands of crypto assets. As the mining phase concludes and the token transitions to mainstream trading, its future remains an intriguing enigma, a testament to the unpredictable and ever-evolving nature of air-dropped digital assets. What do you think about the TON token notcoin (NOT)? Share your thoughts and opinions about this subject in the comments section below.'], [649347, '2024-05-20 22:47:03', 'David Bailey, CEO of Bitcoin Inc., Reflects on His Company’s Transformational Pivot to Bitcoin and More', 'david-bailey-ceo-of-bitcoin-inc-reflects-on-his-companys-transformational-pivot-to-bitcoin-and-more', 'David Sencil', 'David Bailey, CEO of Bitcoin Inc., took time out of running the Bitcoin Asia Conference in Hong Kong to sit down with Bitcoin.com’s COO, Jason Sheman. The conversation delved into the lessons learned from past mistakes, the strategic pivot to Bitcoin, the Bitcoin Conference, Bitcoin Layer twos, and stablecoins on Bitcoin. Bitcoin Asia Conference Highlights: David Bailey Discusses All Things Bitcoin It’s not about how many bad decisions you make. It’s about making the good decision at the right moment when it needs to be made. And that’s the transformational decision. Painful Lessons and Transformational Decisions Jason Sheman: You’ve said that you’ve learned a lot of painful lessons in order for Bitcoin Inc. to be successful. Would you mind sharing one or two of those to illustrate how you got to where you are today? David Bailey: Don’t make me have to live through my greatest failures! I started in Bitcoin when I was 22 years old. I had no real world professional experience. I had never had a real job beyond an internship. I went straight from college into creating a media company. I was 22 years old. You don’t know anything about anything. So I’ve just basically made every mistake that there is to make. But because I’m too hard headed to give up, that’s how I got my education in how to run a business. By just having to fix all the bad decisions that I’ve made. I made way too many mistakes. I don’t want to go over all those specifics, but I could write a book about all the different bad decisions I’ve made. But it’s not about how many bad decisions you make. It’s about making the good decision at the right moment when it needs to be made. And that’s the transformational decision. The transformational decision for us was in 2018 to walk away from all crypto. To divest all the business interests that we had that were, blockchain, crypto, whatever, and go 100% all in on Bitcoin. And so we made that decision in 2018. That was the decision that had to be made for our business to have a product market fit in the world. Sheman: How did you know to make that decision at that time? Bailey: First, honestly, it wasn’t that tough. I’ll tell the story, but the reason why I was in the spot to make the decision is it was almost made for me. We had built a big company. In 2017 we made tons of money. And in 2018, we lost all the money. At the time, I was 27 years old or something. I was like, “wow, I just burned around half a billion in crypto betting on stuff I didn’t even believe in.” What was I doing? There was a lot of regret that came from those bad decisions. Then I thought, “you know, if I’m going to go bankrupt, I should go bankrupt on something that I actually believe in.” That way, when I’m thinking about regret, I can at least feel like it was worth it. The only thing in all of the crypto world that I actually truly had conviction in was Bitcoin. Then we had an employee at the time, Aaron Van Wirdum, who is a fantastic Bitcoin journalist, who sat me down and was like, “hey, you know, we’re trying to do conferences, we’re trying to do everything. And when you’re trying to do everything, you’re not going to [unclear]. In reality, the only thing that matters is Bitcoin. All other crypto is downstream from Bitcoin. If something happens to Bitcoin, all the other cryptos have the same problem. If Bitcoin has a scaling problem, all other crypto has scaling problems. If Bitcoin has a privacy problem, all other crypto has a privacy problem. So rather than us trying to win in all these things, let’s just go to the source of the river and win at Bitcoin. And if we can be the most influential media company in Bitcoin, then we’re the most influential media company in all of crypto.” When he said that it just clicked. That is the play. From that meeting it was like, okay, start liquidating everything that’s not Bitcoin. At the end of the year, we wrote a blog post called ‘Make Bitcoin fun again.’ We announced the Bitcoin Conference going Bitcoin only. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); People thought it would never work. They were like, “dude, you are committing suicide doing this.” The Essence of the Bitcoin Conference Bailey: At this time [2018], it was a weird time in Bitcoin because the block size wars happened in 2017. But they had been going on for a year before that. There was so much animosity and anger and people pissed at each other and all this stuff. Bitcoin used to be a lot of fun, let’s bring back OG Bitcoin. That was the genesis of this event. That is what made this event really so successful. We planned the first one in San Francisco and it was like, “okay what was OG Bitcoin like?” Then we made the event like that. People thought it would never work. They were like, “dude, you are committing suicide doing this.” And then they came to the first Bitcoin Conference, and they were like, “Holy shit, this is a vibe.” People realized there was a big market of people who wanted Bitcoin stuff. That was the birth of this whole business. Sheman: Do you think we’re experiencing the essence of OG Bitcoin at this conference? Bailey: Oh yeah. I would say, not to the same degree that what we did with the original Bitcoin Conference because we had the whole team focused on the original Bitcoin Conference. So we were able to get more granular details. It was the first conference in the world to accept lightning for everything. At the conference, we had pinball machines with lightning enabled coin operated machines. We had to find a developer who would build this in his free time. We hosted it in a garage, like a car garage or whatever. So it was very kind of grungy too, which is cool. At this event, we don’t have a team here in Hong Kong. It was a little bit more of a challenge. It came together in like four months. But what is OG Bitcoin about this event is the content decision that we made. We’ve invited and welcomed and celebrated Ordinals, Runes, Layer twos on Bitcoin, things that are highly experimental. Many of these things will not work out, but we want to bring as much energy and excitement and attention and interest to Bitcoin as possible. That was what early Bitcoin was all about. Like how do we scale Bitcoin to every person on the planet, get 100% of all transactions in the world to happen on Bitcoin and get rid of fiat currency? That was the original goal we were striving for. All of these projects downstairs, all the things that people are building, I don’t know which will be successful, if any will be successful, but at least they’re aligned with that mission. And the developers that we have here are ones that are wanting to build more soft forks for Bitcoin, make Bitcoin more useful in every way possible. More private, more decentralized, more secure. There’s a contingent of people that want Bitcoin to ossify. They’re okay with a couple hundred million people owning it. They’re okay if you only can own it in the ETF. And to me that’s ridiculous. So yeah, the content here is OG Bitcoin. We have a lot of OG bitcoin miners. We have a lot of the OG Bitcoin scene from China. But a lot of the activations that we had and a lot of the fun stuff we didn’t bring because we didn’t have time. But we will have it for next year. People are afraid of conflict. Okay, but at the end of the day we have a system for determining consensus in Bitcoin. We need to rely on that system. Challenges and Future Prospects Sheman: Just quickly on that. Why do you think they want to ossify it? Bailey: Because they’re afraid. For the early people in Bitcoin, the idea of ossification was absurd because Bitcoin was so fragile and immature that if you ossified bitcoin in 2012, Bitcoin would’ve 100% failed, guaranteed. It was always known from the very beginning that we’re building this ship as we go, and it’s really a never ending journey. The people who want to ossify, the vast majority of them, got into Bitcoin in 2020 when the price was already much higher. All they care about is that their bags are going up. They’re afraid that if you change Bitcoin you could break it, you could destroy their bags. They don’t have the confidence that Bitcoin’s an antifragile system. I think in time they’ll learn not to be afraid that Bitcoin doesn’t need kid gloves. Bitcoin is a beast. The more it’s tested and stressed the stronger it becomes. Sheman: What do you see as the immediate challenges for Bitcoin over the next few years? Bailey: Oh my gosh, that’s a huge question! I think the first biggest challenge is we need to activate a soft fork. It doesn’t even really matter what it is: OP-Cat, CTV, something that gives the community and users confidence that a good enough idea can be brought to Bitcoin and that it’s worth working on really good ideas because they can eventually happen. It’s very demotivating when developers work on a really interesting idea for years and years and years, and many people want it and nothing happens. So I think the big thing that’s coming in the short term is activating the next soft fork since taproot. And I think that it’s going to be very controversial, but that once it happens, it’s going to create a path for how soft forks will be handled in the future. And I think it’s going to dramatically improve the environment for Bitcoin. So that’s one challenge. Sheman: Things are proposed [for Bitcoin], but it just kind of slows down and doesn’t happen. Bailey: Correct. People are afraid of conflict. Okay, but at the end of the day we have a system for determining consensus in Bitcoin. We need to rely on that system. The miners are going to have to really take on what their role is in the system. The developers working on this stuff are going to need to not back down and relent. It’s gonna happen, but there are competing visions of Bitcoin. Is Bitcoin just digital gold or is Bitcoin the future of all money. That’s the split, but there’s crossover between those ideas We need to align the community on what direction we are going. I know which direction we’re going because capitalism needs Bitcoin to be money for the world, not money for a few. Our layer two policy wasn’t about excluding things or whatever. It was about how do we have a specific conversation about what’s happening. Layer Twos and Editorial Policies Sheman: Recently, Bitcoin Magazine’s editorial policy on what constitutes a layer two was updated. Were you the driving force behind this? The reason I ask is because within the Bitcoin community, maybe not such a huge group of people, but Layer twos are a little bit controversial. Bailey: People got so mad at us! The people who got the maddest were a lot of the Layer two projects that said, “oh that’s too restrictive.” Terminology is losing meaning in Bitcoin because everything’s calling themselves a Layer two, or a sidechain, or a roll up, or blah, blah, blah. There’s no common meaning for these terms. A lot of these terms come from Ethereum, or maybe there is a meaning in Ethereum, but we’ve never talked about roll ups in Bitcoin. So we need to provide clear definitions. That way when we have a conversation about these things, we’re talking about the same thing. And it can be nuanced. Our layer two policy wasn’t about excluding things or whatever. It was about how do we have a specific conversation about what’s happening. When you also provide that framework, what it means is, as people are building things they strive for meeting those kinds of expectations. That way they can actually call themselves a proper Layer two. [Our definition] is a high bar, but it should be a high bar. And there’s nothing wrong with sidechains. There’s nothing wrong with federated sidechains or multi-sig or whatever, but let’s just call them the right thing, not call them a true Layer two. Those things can change in the future as we get new outcomes. So anyway, I did not set the policy. I’m really not involved in Bitcoin Magazine editorial in any way. But Pete Rizzo, who runs content for us, our technical editor Shinobi, and our Editor in Chief Mark Goodwin, spent a lot of time being intentional about what should be the definition. Then they put it out there and maybe in the future it changes or whatever, but I think it’s a good one. We’re going to try to keep getting more precise with our language for how we describe these things. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Bitcoin is at a very important point in time where it’s reached a certain size that the next level up we go is where Bitcoin starts to meaningfully transform the world. Stablecoins on Bitcoin Sheman: What are your thoughts on stablecoins on Bitcoin? Bailey: I hate stablecoins. The whole mission of Bitcoin is to implode fiat. But it’s a permissionless system. If it creates value for people, then they should be able to build whatever they want on Bitcoin and use it however they want and let the market decide. I think stablecoins and Bitcoin are set for a massive collision. You asked earlier, what are the big risks in the future? Bitcoin is at a very important point in time where it’s reached a certain size that the next level up we go is where Bitcoin starts to meaningfully transform the world. A bull market in Bitcoin will be a bull market in the real world. A bear market in Bitcoin will be a recession in the real world, and it’s starting to affect monetary policy. There is a geopolitical conflict brewing between US dollar stablecoins that are infiltrating places like China. What that means for their currency and Bitcoin as an alternative to combat the weaponization of digital dollars. There’s a big picture thing that’s about to play out. It’s going to be crazy. What do you think about David Bailey’s views on Bitcoin Layer twos, stablecoins on Bitcoin, or anything else he talked about? Share your thoughts and opinions about this subject in the comments section below.'], [649511, '2024-05-20 22:14:28', 'NY Attorney General Secures $2 Billion Settlement With Bankrupt Crypto Lender Genesis', 'ny-attorney-general-secures-2-billion-settlement-with-bankrupt-crypto-lender-genesis', 'Bitcoin.com', 'New York Attorney General Letitia James has secured a $2 billion settlement with bankrupt cryptocurrency firms Genesis Global Capital, Genesis Asia Pacific, and Genesis Global Holdco. The settlement, which requires bankruptcy court approval, will establish a victims’ fund to compensate over 29,000 New Yorkers who invested more than $1.1 billion through the Gemini Earn program. This is the largest settlement against a cryptocurrency company in state history. The lawsuit, filed in October 2023, accused Genesis of concealing $1.1 billion in losses. Expanded in February 2024, it included additional defendants and an extra $2 billion in defrauded funds. The settlement bans Genesis from operating in New York and does not require Genesis to admit or deny the allegations. The lawsuit continues against other defendants.'], [649307, '2024-05-20 21:39:17', 'Kraken Insists It Will Keep USDT Listed in European Markets', 'kraken-insists-it-will-keep-usdt-listed-in-european-markets', 'Sergio Goschenko', 'Kraken, a U.S.-based cryptocurrency exchange, insists it will keep USDT listed in European markets as long as regulations regarding stablecoins are not finalized. Mark Greenberg, Global Head of Kraken’s Asset Growth and Management Business, clarified they will “continue to look at all options to offer USDT under the upcoming regime.” Kraken Will Keep Tether’s USDT Available in European Markets Cryptocurrency exchanges are debating which measures to take regarding stablecoins due to the upcoming implementation of the Markets in Crypto Assets (MiCA) regulation. Kraken, a San Francisco-based cryptocurrency exchange, has recently clarified that it will keep USDT, the largest stablecoin in the cryptocurrency market, listed for its European customers. Mark Greenberg, Global Head of Kraken’s Asset Growth and Management Business, explained that the exchange “continues to list USDT in Europe” and had “no plans to delist” the stablecoin for the time being. Greenberg acknowledged USDT’s value for European customers and explained that the company examined several ways for the asset to remain listed under upcoming regulations. MiCA establishes requirements that would be very difficult for Tether to comply with, including maintaining its daily transaction amount lower than 200 million euros ($217.6 million). Nonetheless, Greenberg explained that Kraken will follow all regulations when established, but stressed that “the rules are not finalized yet” and that the exchange will “continue to do everything we can to continue to offer all relevant stablecoins to our European customers.” if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Greenberg’s statements come after Marcus Hughes, Kraken’s global head of regulatory strategy, declared that the company was “actively reviewing” its Tether movements regarding the upcoming MiCA measures. “We’re absolutely planning for all eventualities, including situations where it’s just not tenable to list specific tokens such as USDT,” he specified. Other exchanges are in the process of delisting USDT in preparation for MiCA. Such is the case of Okx, which would be phasing out USDT-based pairs to enhance its compliance with European regulators. What do you think about Kraken’s stance on maintaining Tether’s stablecoin listed for European customers? Tell us in the comments section below. '], [649516, '2024-05-20 20:30:29', 'Ethereum Jumps 18% Amid Speculation of SEC Approval for Spot ETFs', 'ethereum-jumps-18-amid-speculation-of-sec-approval-for-spot-etfs', 'Jamie Redman', 'The value of ethereum (ETH), the second-largest cryptocurrency by market capitalization, has increased nearly 18% against the U.S. dollar due to speculation that the U.S. Securities and Exchange Commission (SEC) might approve some spot ether exchange-traded funds (ETFs). Market Buzz Lifts Ethereum to $3,691 On Monday, ethereum (ETH) reached an intraday peak of $3,691 per coin amid swirling rumors on social media and forums about the potential SEC approval of several spot ETH ETFs. According to a report by Coindesk, three sources told the publication exchanges were allegedly instructed by the SEC to update their 19b-4 filings “on an accelerated basis.” Additionally, Bloomberg analysts Eric Balchunas and James Seyffart raised their approval predictions from 25% to 75%. ETH experienced a substantial increase following the speculation, climbing from $3,140 at 3 p.m. Eastern Time (EDT) on May 20 to a high of $3,691 per coin by 6:30 p.m. EDT. The oscillators for ETH/USD show a mixed sentiment: most are neutral, indicating a lack of strong momentum or overbought/oversold conditions, while the awesome oscillator and momentum suggest positive signals, reflecting underlying strength. Moving averages (MAs), on the other hand, consistently signal bullish sentiment across all timeframes, highlighting a sustained upward trend and strong optimism in the market. ETH has appreciated 17.96% against the U.S. dollar, gaining $551 in value over the past few hours. Ether’s dominance within the $2.58 trillion cryptocurrency market is 17%, with an overall market valuation of $436 billion. It commands the third-highest trade volume of the day, with $26.99 billion traded in the last 24 hours. Today, ETH’s most traded pair is the stablecoin tether (USDT). Following USDT are FDUSD, USDC, BTC, and the Korean won. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); The won accounts for 1.67% of all ETH swaps in the past day. With the market rising so rapidly, $302.52 million in derivatives positions were liquidated, with ETH shorts leading the way at $102.78 million liquidated in the past day. According to coinglass.com metrics, 76,107 traders were liquidated in the past 24 hours. The largest single liquidation order occurred on HTX with an ETH/USDT trade valued at $3.11 million. At the time of writing, at 8:05 p.m. EDT on Monday, a single ETH is changing hands for $3,668 per unit. What do you think about ether’s substantial rise on Monday? Let us know what you think about this subject in the comments section below.'], [649446, '2024-05-20 20:24:03', "Hong Kong Police Arrest Three in 'Hell Money' Cryptocurrency Scam", 'hong-kong-police-arrest-three-in-hell-money-cryptocurrency-scam', 'Bitcoin.com', 'Hong Kong police have arrested three men at a currency exchange shop in Tsim Sha Tsui, a major tourist area, for allegedly presenting “hell money” to a customer, leading the customer to transfer approximately HK$1 million ($128,206) worth of cryptocurrency in exchange for cash. The suspects, aged between 31 and 34, were detained on suspicion of obtaining property by deception. The police seized 3,000 hell banknotes, a safe, and a note-counting machine. Hell banknotes are ceremonial paper money used in traditional Chinese culture. The victim reported being unable to retrieve cash after selling tether (USDT) at the shop. The suspects allegedly convinced the victim to transfer the cryptocurrency to their wallet, then made excuses and left without providing the cash. The police advise using reputable cryptocurrency exchange shops and verifying the authenticity of banknotes.'], [649479, '2024-05-20 19:11:49', "Bitcoin to Reach $420K by Decade's End, Says Ric Edelman", 'bitcoin-to-reach-420k-by-decades-end-says-ric-edelman', 'Kevin Helms', 'Ric Edelman, founder of Edelman Financial Engines, forecasts bitcoin will reach $420,000 by the decade’s end. He explained that if 1% of the world’s $738 trillion in financial assets were allocated to bitcoin, it would result in $7.4 trillion in inflows, raising bitcoin’s price to $420,000. Ric Edelman’s $420K Bitcoin Prediction Ric Edelman, a financial advisor and founder of Edelman Financial Engines, predicts bitcoin will reach $420,000 by the end of the decade. In an opinion piece published by Think Advisor, Edelman discussed how significant planned allocations from financial advisors could drive the price of BTC. He described: My analysis reveals that bitcoin will reach $420,000 by the end of the decade. I reach this figure based on simple arithmetic. Edelman referenced surveys, including those by Franklin Templeton, revealing that over 75% of independent registered investment advisors (RIAs) plan to allocate 2.5% of their assets to bitcoin. With RIAs managing $8 trillion, this equates to $150 billion flowing into the cryptocurrency. He also speculated that additional allocations could come from family offices, pension funds, endowments, and other institutional investors. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); The financial advisor noted that global financial assets total $738 trillion, a figure he calculated by adding the values of the global equity market, debt market, real estate market, gold market, cash market, bitcoin, and other assets as of Dec.31. This unique supply constraint underpins his analysis of bitcoin’s potential price rise. Emphasizing bitcoin’s fixed supply of 21 million coins, he stressed: “If all the advisors, investors, and institutions that manage these assets were to allocate just 1% of their client portfolios to bitcoin, the total flows would be $7.4 trillion. Of the 21 million bitcoins that will ever exist, 19.4 million exist today — meaning the flows would increase each bitcoin by about $378,000.” Edelman continued, “Add in bitcoin’s current price,” which was about $42K as of Dec. 31, he concluded: “You get bitcoin’s future price: roughly $420,000.” Do you agree with Ric Edelman’s prediction that bitcoin will reach $420,000 by the end of the decade? Let us know in the comments section below.'], [649425, '2024-05-20 18:12:35', 'Quantum Computing Poses Critical Threats to Blockchain Security, Warns Expert', 'quantum-computing-poses-critical-threats-to-blockchain-security-warns-expert', 'Bitcoin.com', 'Professor Massimiliano Sala, a professor of Mathematics at the University of Trento, warns that quantum computing poses significant threats to blockchain security. He highlights that quantum computers could solve problems foundational to digital signatures, compromising user assets on blockchain platforms. To mitigate these risks, Sala emphasizes the need to transition to quantum-resistant cryptographic systems. He acknowledges the complexities and trade-offs involved in integrating these systems into existing blockchain technologies but remains optimistic about ongoing research aimed at optimizing these solutions. Sala underscores the importance of algebra and coding theory in developing quantum-resistant cryptography and praises international collaboration for fostering global efforts to establish secure cryptographic standards. He also calls for educational reforms to prepare future cryptographers for quantum challenges. Sala advises organizations to begin transitioning to quantum-resistant technologies immediately, warning that the probability of quantum threats is significant enough to require proactive measures.'], [649486, '2024-05-20 17:15:45', 'Indian Finance Minister: Crypto Regulation Needs Global Consensus', 'indian-finance-minister-crypto-regulation-needs-global-consensus', 'Kevin Helms', 'Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently no significant confusion. Indian Finance Minister on Crypto Regulation Indian Finance Minister Nirmala Sitharaman stressed the need for global consensus on cryptocurrency regulation in an interview with Businessline, published Monday. She highlighted the importance of international cooperation, especially within the G20, to address crypto regulatory challenges. “Even before G20 and since 2020, we had discussions about it in the Finance Ministry,” Sitharaman explained, adding that India’s central bank, the Reserve Bank of India (RBI) “is also having its own view on it.” The finance minister emphasized: We are very clear that there should be global understanding on how to regulate crypto. Discussions within India’s Finance Ministry and collaboration with the International Monetary Fund (IMF) and the Financial Stability Board (FSB) regarding crypto regulation have been ongoing. Sitharaman believes unilateral regulation is ineffective due to the borderless nature of cryptocurrency. “During G20 under India’s Presidency, we spoke about it. We brought IMF and FSB. Well-written papers were submitted. A lot of discussion took place. I would like to go through the route of global understanding when everybody is on the same page,” she stressed. “Bringing a regulation just within one country without a global understanding on a technology that does not brook any borders is not going to help. On cryptocurrency, no single country would succeed even if intends to.” if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); When asked if there is any confusion among Indian regulators, with some opposing crypto and others discussing regulation, she replied that there is no such confusion. Sitharaman clarified: These are opinions, no harm in that. We have not yet reached a stage where we are saying: ‘yes, this is what we want to do.’ At that stage, if there are differences among regulators then that would be a matter of concern. We are nowhere near that situation. Last week, the Securities and Exchange Board of India (SEBI) provided a government panel with its recommendations on crypto asset regulation, advocating for different regulators to oversee various facets of cryptocurrency trading. Concurrently, the Reserve Bank of India also submitted its view on crypto. The central bank expressed its concerns, highlighting the macroeconomic risks associated with cryptocurrencies and emphasizing issues related to tax evasion and fiscal stability. India currently does not have a dedicated regulatory framework for cryptocurrencies. In 2021, a government panel created a draft bill to regulate digital assets, but it has yet to be introduced. The Financial Intelligence Unit – India (FIU-IND) monitors 47 cryptocurrency-related entities and has recently authorized crypto exchanges Binance and Kucoin as virtual asset service providers. In March, the Indian finance minister revealed her expectation that a regulatory framework for cryptocurrencies would be developed through G20 discussions. What do you think about Indian Finance Minister Nirmala Sitharaman’s call for global consensus on cryptocurrency regulation and her emphasis on international cooperation through platforms like the G20? Let us know in the comments section below.'], [649497, '2024-05-20 16:56:21', 'Analysts Boost Odds for Ethereum ETF Approval to 75% Amid SEC Chatter', 'analysts-boost-odds-for-ethereum-etf-approval-to-75-amid-sec-chatter', 'Bitcoin.com', 'On May 20, 2024, Bloomberg Intelligence exchange-traded fund (ETF) senior analyst Eric Balchunas informed his 274,000 X followers that he and his colleague James Seyffart had increased their expectations for the approval of a spot-based ethereum ETF. “Update: [James Seyffart] and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue),” Balchunas said. “So now everyone scrambling (like us everyone else assumed they’d be denied). See Nate’s tweet below for probably order of events (but again we capping at 75% until we see more, eg filing updates).” The tweet Balchunas was referring to stemmed from the ETF Institute co-founder Nate Geraci who remarked, “[Securities and Exchange Commission] (SEC) decision deadline this week on spot eth ETFs… SEC must approve both the 19b-4s (exchange rule changes) & S-1s (registration statements) for ETFs to launch,” he added. Ethereum (ETH) is up 11.4% against the U.S. dollar trading for $3,475 per unit at 4:30 p.m. Eastern Time on Monday afternoon.'], [649370, '2024-05-20 16:41:05', 'Crypto Startup Funding Hits $2.4 Billion in Q1', 'crypto-startup-funding-hits-2-4-billion-in-q1', 'Bitcoin.com', 'Crypto startup funding rose to $2.4 billion in the first quarter of 2024, driven by expectations of lower interest rates and the launch of the first U.S. bitcoin spot exchange-traded funds (ETFs), according to Pitchbook data. This funding, spread across 518 deals, marked a 40.3% increase from the previous quarter, even as global venture capital investments fell to a near five-year low. The U.S. regulatory approval of spot bitcoin ETFs by Blackrock and Fidelity bolstered the legitimacy of the asset class, driving bitcoin to a record high of $73,803 in March. Startups focused on crypto and blockchain infrastructure led the funding, with Together AI securing the largest deal of $106 million. Pitchbook analyst Robert Le noted that early-stage deals are now earning higher valuations than late-stage ones. He also predicts an increase in mergers among crypto exchanges, custodians, and infrastructure providers as the market matures.'], [649293, '2024-05-20 15:16:37', 'Ripple Unveils Brazil Fund for Supporting Local XRP Ledger Projects', 'ripple-unveils-brazil-fund-for-supporting-local-xrp-ledger-projects', 'Sergio Goschenko', 'Ripple, the cryptocurrency services and payments company, has recently unveiled a local fund to support Brazil-based projects using XRP Ledger, the XRP asset blockchain. Julia Heitner, Program Manager of the XRPL Grants program, stated that Brazil was the first country where this strategy would be implemented, given the nation’s openness to blockchain initiatives. Ripple Launches Brazil-Specific Fund for Incubating XRP Ledger Projects More crypto companies are watching the development potential in Latam countries. Ripple, the cryptocurrency solutions company, recently launched a local fund to support Brazil-based projects using the XRP Ledger (XRPL), XRP’s blockchain, as a tool to enhance their functionality. Julia Heitner, manager for the XRPL grants program, stated that Brazil was the first country in which this local initiative would be implemented due to different factors favoring blockchain initiatives. These include “the country’s advanced developer ecosystem, sophisticated digital payments infrastructure, and forward-thinking public policy regarding the tokenization of capital markets.” While the company did not specify the amount allocated for this pilot fund, normally projects applying for the XRPL grants can receive between $10,000 and $200,000. XRPL grants’ site clarifies that awards of $100,000 and greater are typically destined to be allocated to developers who have already completed a comparable project before. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Two Brazilian teams have been selected to be supported as part of this push: Goassets, developing a product that uses XRP Ledger as a vehicle to produce a white-label platform for tokenizing assets; and Cointimes, developing a service to expedite blockchain-based micropayments in exchange for completing several tasks like completing ad views, testing product, and making certain purchases. This is not the first time the program has supported Brazil-based initiatives, as it has granted funds to four more projects before including Amora, Cryptum, Thingsgo.online, and XRPL Elixir. These projects leverage the XRP Ledger for different functions, from facilitating blockchain integration with other projects to rewarding sustainable actions with tokens. To follow all the latest developments in crypto and the economy in Latin America, sign up for our Latam Insights newsletter below. What do you think about Ripple’s Brazil-specific funding pilot for XRP Ledger-based projects? Tell us in the comments section below. '], [649286, '2024-05-20 13:34:57', '62 Crypto Projects Raise $474M in 20 Days, Led by Sophon and Securitize', '62-crypto-projects-raise-474m-in-20-days-led-by-sophon-and-securitize', 'Jamie Redman', 'According to the latest data, 62 blockchain or cryptocurrency projects have collectively raised $474 million over the past 20 days of May. Leading the charge, the entertainment-focused blockchain project Sophon garnered $60 million in a node sale, with Securitize following closely, raising $47 million. May Sees $474M Invested in Blockchain Startups Since the start of May, $474.08 million has been invested in blockchain and crypto startups and projects. Among these, 62 projects secured funding, including four Bitcoin ecosystem projects, which collectively raised nearly $20 million. Botanix Labs led this group with $8.5 million, followed by Arch Network with $7 million, Zest with $3.5 million, and Bitsmiley with $999,600, data from crypto-fundraising.info shows. In the alternative blockchain ecosystems, the top five projects were Sophon ($60M), Securitize ($47M), Polymarket ($45M), Humanity Protocol ($30M), and Arbelos Markets ($28M). Sophon, an entertainment network built on Ethereum, conducted a node sale, offering a limited number of ‘node licenses.’ These licenses enable participants to run nodes on the network and earn a share of Sophon’s future token emissions. Securitize, a startup that has developed a blockchain platform for issuing and managing digital asset securities compliantly, raised funds from Blackrock, Morgan Stanley Tactical Value, Sumitomo Mitsui Trust Bank, IDC Ventures, Ava Labs, Global Brain, and Borderless Capital. The projects that ranked below the top five but still within the top ten included Peaq ($19.98M), Lagrange ($13.5M), Seed Labs ($12M), Lava Network ($11M), Galaxis ($10M), and Kiosk ($10M). if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Other notable projects in terms of funding this month were Owito Finance ($8M), UXUY ($7M), Re ($7M), EYWA ($7M), Mitosis ($7M), Arch Network ($7M), Param Labs ($7M), Shogun ($6.9M), Chainml ($6.2M), Chainstack ($6M), and Starnest ($6M). In addition to Bitsmiley, three other Bitcoin-centric projects raised less than $1 million: Multipool secured $650,000, Engines of Fury obtained $550,000, and Lifeform raised $450,000. What do you think about the projects that raised $474.08 million in May? Share your thoughts and opinions about this subject in the comments section below.'], [649472, '2024-05-20 13:15:21', 'VoIP Finance Exceeds Expectations, Reveals Advanced Roadmap Early', 'voip-finance-exceeds-expectations-reveals-advanced-roadmap-early', 'Media', 'PRESS RELEASE. VoIP Finance, a leading innovator in blockchain-powered Voice over Internet Protocol (VoIP) solutions, announced the early release of its advanced project roadmap following a series of successful presales that have significantly excel expectations. This early reveal underscores VoIP Finance’s commitment to transparency and its determination to maintain momentum in revolutionizing the telecommunications industry. Since its inception, VoIP Finance has embarked on an ambitious journey to integrate blockchain technology with traditional VoIP services, enhancing security, efficiency, and user autonomy. The company’s strategic presales have not only demonstrated formidable market potential but have also laid a powerful financial foundation for accelerated product development and expansion. VoIP Finance has consistently been superior to its financial targets during its presale phases, offering substantial returns to early investors, with gains reaching up to 15 times the initial investment. The journey began with the Seed Round and Presale 01, each launched at a token price of $0.01 and quickly amassing a pool amount of $100,000, before the token price surged to $0.15. This momentum continued through Presale 02 and Presale 03, where pool amounts increased from $200,000 to $300,000, delivering impressive returns of up to 7.5 times and 5 times, respectively. Looking ahead, VoIP Finance has lined up further presales from Presale 04 to Presale 10, planning to escalate the pool amounts and dilution rates to further cement its position in the market and expand its user base. These milestones have not only validated the project’s viability but have also attracted substantial attention from both the crypto and tech communities. Reflecting on its recent success, VoIP Finance is thrilled to announce an early release of its strategic roadmap, outlining ambitious future plans. The roadmap focuses on technological enhancements, aiming to further develop blockchain functionalities that ensure secure, scalable, and superb communication services. Additionally, VoIP Finance plans to expand into new geographic markets, employing customized marketing strategies and forming local partnerships to increase its global footprint. The company is also intensifying its commitment to community-driven initiatives, enhancing engagement platforms and feedback mechanisms to fuel innovation and ensure that the community’s voice directly influences future developments. CEO of VoIP Finance, expressed his enthusiasm about the early release of the roadmap, stating, “Our ability to exceed our presale expectations and advance our roadmap is a testament to our team’s hard work and dedication. We are thrilled to share our vision for the future of VoIP Finance, which we believe will set new standards in the industry.” VoIP Finance remains dedicated to maintaining open communication with its investors and users, ensuring that the community is informed and engaged as the company progresses along its ambitious path. With its early achievements and clear vision for the future, VoIP Finance is poised to continue its trailblazing journey in the blockchain and telecommunications arena. VoIP Finance is at the forefront of integrating blockchain technology with traditional telecommunications systems. By enhancing VoIP services with the security, transparency, and efficiency of blockchain, VoIP Finance is setting new industry standards in how communication is conducted globally. Founded in 2024, the company is committed to innovation, security, and user satisfaction. Media Contact Telegram: https://t.me/voipfinance Twitter : https://www.twitter.com/voipfinance Website: https://www.voip.finance/ This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.'], [649413, '2024-05-20 13:00:36', 'Cryptomus Shakes Up Crypto: Unveils Fee-Free iOS App and Launches Rewarding CRMS Token', 'cryptomus-shakes-up-crypto-unveils-fee-free-ios-app-and-launches-rewarding-crms-token', 'Media', 'PRESS RELEASE. In a bold move that disrupts the digital currency space, Cryptomus has unveiled its much-anticipated iOS application, a comprehensive solution for crypto enthusiasts seeking a seamless, fee-free trading experience. This innovative app, now available on the App Store, enables users to store, withdraw, and convert cryptocurrencies without any fees, make payments, and monitor their shop’s statistics effortlessly. Adding to the excitement, Cryptomus proudly announces the launch of the CRMS token, an innovative reward mechanism designed to enrich the financial journey of its users. In an industry-first, transactions made from personal Cryptomus wallets will now yield up to 0.4% cashback in CRMS tokens. Additionally, users can earn up to 21 CRMS tokens by completing various tasks in the Awards, further enhancing the value they receive from the platform. The CRMS token, with a maximum supply of 50,000, is poised to become a significant asset in the crypto market. Available for trading on the Uniswap exchange, it offers Cryptomus users not only a form of reward but also an opportunity to engage more deeply with the burgeoning crypto economy. This dual initiative marks a significant milestone for Cryptomus as it continues to pioneer innovative financial solutions that meet the needs of modern users. The company’s commitment to providing value, convenience, and opportunities to its community sets a new standard in the digital finance world. Stay ahead of the curve by downloading the Cryptomus app from the App Store: Cryptomus on App Store and by following Cryptomus on social media to keep up with the latest updates and developments. Embrace the future of crypto with Cryptomus – where technology meets opportunity. Twitter Telegram This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.'], [649162, '2024-05-20 12:37:19', "'Really Stupid and a Huge Mistake:' Putin Blasts US Actions Blocking Payments to China; Exporters Turn to Small Banks and Crypto", 'really-stupid-and-a-huge-mistake-putin-blasts-us-actions-blocking-payments-to-china-exporters-turn-to-small-banks-and-crypto', 'Sergio Goschenko', 'Russian President Vladimir Putin charged against the U.S. actions seeking to block Russian payments to China and other countries. During a two-day trip to China, the Russian leader emphasized that this strategy was “really stupid and a huge mistake,” considering that these actions affected the status of the U.S. dollar as a reserve currency. Russian President Vladimir Putin: U.S. Strategy for Blocking Payments to China Is ‘Really Stupid and a Huge Mistake’ Vladimir Putin, President of Russia, has reacted to the actions that seek to block the payments of Russian Federation’s companies to China. During a two-day trip to China, where Putin strengthened his ties with President Xi Jinping, Putin complained about the issue, stating that it was a measure that harmed U.S. interests worldwide. According to TASS, Putin declared: This is really stupid and a huge mistake on the part of the American political elites, because they cause enormous damage to themselves. Furthermore, Putin added that these sanctions “undermine confidence in the dollar and are gradually curtailing the status of the dollar as a world settlement and reserve currency,” powering the necessity for new payment options based on non-U.S. controlled currencies. Putin reinforced that alternatives were possible to the U.S. dollar and that they were working at implementing them. However, he stated that all proposed solutions would have to be supported at a state level. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Trade relations between Russia and China have thrived since the Western world enacted sanctions against the former nation due to its participation in the conflict against Ukraine. Nonetheless, now Chinese banks have begun to block payments from Russian companies due to the risk of getting hit by secondary sanctions for powering the Russian war effort. Due to this situation, Chinese exporters have reportedly turned to small banks and cryptocurrency to complete their payments and keep trading, even when this payment method has been banned in mainland China. Recently, Iranian Ambassador to Russia Kazem Jalali reported that there has been joint work between Russia and Iran on creating a single BRICS bloc currency. What do you think about President Vladimir Putin’s statements on U.S. actions? Tell us in the comments section below.'], [649455, '2024-05-20 11:40:24', "The Week's Biggest Crypto Gainers and Losers: PENDLE Soars, WLD Plummets", 'the-weeks-biggest-crypto-gainers-and-losers-pendle-soars-wld-plummets', 'Jamie Redman', 'This week bitcoin appreciated over 6% against the U.S. dollar, while ether increased more than 3% in the same period. Meanwhile, more than twelve alternative cryptocurrencies saw double-digit gains between 10% and 33.4%. Weekly Crypto Highlights: Double-Digit Gains and Losses Across the Board As of Monday, the total value of the crypto economy stands at $2.41 trillion, reflecting a 0.03% rise in the past day. Global trading volume in crypto assets reached $59.98 billion, marking an increase of over 26% from Sunday. Leading the seven-day gains this week was pendle (PENDLE), which climbed 33.4% against the dollar and also rose more than 12% in the last day. Fantom (FTM) secured the second spot with a 31.4% increase, followed by chainlink (LINK) with a 21.8% rise this week. The week’s biggest gainer against the greenback, pendle (PENDLE). Other significant gainers over the past seven days include solana (SOL), ondo (ONDO), arweave (AR), safe (SAFE), and theta (THETA), each advancing between 13.8% and 20.7% against the dollar. Excluding BTC, ETH, and stablecoins, the highest trading volumes this week were recorded by solana (SOL), binance coin (BNB), XRP, dogecoin (DOGE), pepe (PEPE), chainlink (LINK), dogwifhat (WIF), and pyth (PYTH). The week’s biggest loser against the U.S. dollar, worldcoin (WLD). Solana led the top ten performers, outpacing the group’s gains. Despite the overall positive trend, three digital assets experienced double-digit losses. Worldcoin (WLD) faced the largest decline, dropping 19.4%, followed by dogwifhat (WIF) with a 13% decrease. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Toncoin (TON), a new entrant to the top ten, fell 11.7% against the dollar. Additional notable losses were seen in ENA, RNDR, W, MNT, and TIA, each declining between 4.9% and 9.3%. DYDX, binance coin (BNB), cosmos (ATOM), and lido (LDO) also saw losses ranging from 4.1% to 4.8% over the week. What do you think about the week’s crypto market performances? Share your thoughts and opinions about this subject in the comments section below.'], [649449, '2024-05-20 11:20:59', 'Dormant Bitcoin Wallet Transfers 114 BTC Worth $7.6M After 11 Years', 'dormant-bitcoin-wallet-transfers-114-btc-worth-7-6m-after-11-years', 'Jamie Redman', 'With bitcoin’s price up 6.8% from last week, a dormant bitcoin address from 2013 became active for the first time in over 11 years, transferring 114.42 bitcoins valued at $7.67 million. Sleeping Bitcoin Wallet Awakens After 11 Years, Moves 114 Bitcoins April and May have seen fewer awakenings of long-dormant bitcoin addresses, but some noteworthy events have occurred. On May 20, a legacy Pay to Public Key Hash (P2PKH) address transferred 114.42 BTC to another P2PKH wallet. This address, created on Feb. 2, 2013, had been inactive for a total of 4,125 days. At that time, each BTC was worth $20.50, making the original value of the funds approximately $2,345. Currently, the bitcoin moved on May 20, 2024, is valued at $7.67 million using current BTC exchange rates. If the owner cashed out, the return on investment would be 37,451,348% since the sleeping bitcoin stash was obtained on Feb. 2, 2013. The transferred funds remain in the new P2PKH wallet at the time of writing. However, the 114.42 bitcoin cash (BCH) linked to the original address, worth about $55,517, was not moved. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Blockchair rated the transaction’s privacy low, at 45 out of 100, due to multiple occurrences of the same address in inputs. Additionally, the funds were transferred using the “send everything” option. This transaction follows several other recent movements of dormant bitcoin from 2013, including 36.2 BTC on Thursday and two transfers of 50 BTC each on Wednesday. Earlier in the month, another 2013 wallet moved 26.6 BTC for the first time in over a decade, just prior to another 2013 wallet transferring 1,000 bitcoins. What do you think about the bitcoin wallet from 2013 suddenly moving more than 114 bitcoins on Monday? Share your thoughts and opinions about this subject in the comments section below.'], [649405, '2024-05-20 11:15:56', 'BasedVC and Bored Ape Yacht Club Launch Apes Capital To Build Community-led VC', 'basedvc-and-bored-ape-yacht-club-launch-apes-capital-to-build-community-led-vc', 'Media', 'PRESS RELEASE. 20th May 2024 – BasedVC, the leading Web3 venture capital firm catering to retail investors, and the Bored Ape Yacht Club (BAYC) through a community led initiative Apes Plus, are thrilled to announce their collaboration on the launch of Apes Capital. Apes Capital is a community-led venture capital built for Apes by Apes. BasedVC is the premier Web3 solution to the dearth of funding recently plaguing the startup world. As both Web2 and Web3 projects grapple with deal-making and are seeing their longest drought, basedVC adopts blockchain technology as the solution for funding projects in the Web3 space. Traditional VC creates barriers to investing with several hurdles, including lengthy KYC procedures and exclusive deals to high-networth individuals. BasedVC breaks down these barriers by allowing retail investors in approved jurisdictions to leverage the power of community, tokenized ownership, and democratized investment methods to become an investor. The firm’s vision is to create access to investment opportunities regardless of financial background. New projects on the blockchain can enjoy funding through a platform that facilitates pooling funds together to serve as capital. A wide range of deals are available for the ordinary investor that would have been only available to the whales. The BAYC is arguably the most influential NFT project in the world. It’s a collection of 10,000 NFTs with a mix of standalone NFTs and 1 of 1 NFTs. Members of the coveted community may now invest in Web3 startups seamlessly. With this collaboration, basedVC, Ape Plus, MAYC and the BAYC are tapping into the rapidly growing world of decentralized VC. The Apes Capital platform will be a dedicated portal exclusive to Bored Apes and Mutant Apes. Members of the clubs will be able to use the Ape Coin to gain access to investment opportunities in top-tier projects. Apes Capital will utilize basedVC’s best-in-class licensed legal structure, which empowers retail investors to participate in communities to pool capital. BasedVC due diligence and solid project tracking will give Apes peace of mind. For Apes, the venture capital will prevent members from being used as exit liquidity on traditional exchanges. The collaboration will see Apes Capital include its own announcements, feed, links, chat, over-the-counter and ticketing system. At press time, Apes Capital has deployed over $40 million of capital and invested in over 20 projects such as Shrapnel, Nillion, Heroes of Mafia, Supraoracles, etc. The partnership promises the basedVC, BAYC, and its community the limitless potential that decentralized finance can unlock. The importance of community-driven initiatives can only be net positive for the Web3 landscape. About BasedVC basedVC is a regulated limited partner investment vehicle offering early-stage investment opportunities to select web3 communities, as well as holders of our future NFT project. basedVC provides Investment-as-a-Service to the masses. Our goal is to open the gates of seed and early round investing to both native and non-native web3 users in a safe, hassle-free, and efficient manner. About BAYC The BAYC launch was on April 30, 2021, and all 10,000 apes were minted within 12 hours. Since then, Yuga Labs, the company behind the BAYC, has developed the BAYC brand into a burgeoning ecosystem that includes NFT collections, cryptocurrency, and even a metaverse project. What has distinguished BAYC from other NFT projects has been its strong sense of community and consistent generation of new content. This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.'], [649393, '2024-05-20 11:00:48', 'Bonk Up 20% in a Week as New Solana Meme Coin SEAL Nears $2M', 'bonk-up-20-in-a-week-as-new-solana-meme-coin-seal-nears-2m', 'Media', 'Meme coins are back in the spotlight again, and Bonk (BONK) is leading the charge. The Solana-based token has rallied 20% in the past week and is now trading around the $0.0000257 level. Alongside BONK, presale project Sealana (SEAL) is also seeing growth – nearing the $2 million milestone in its much-discussed presale phase. Bonk Price Surges, But Will Bullish Momentum Hold? It’s been a fantastic seven-day period for BONK holders. The token’s bullishness kicked into gear after tapping support around $0.0000215 last Monday. After tapping this level, BONK rallied until Sunday morning, at which point the token pulled back by around 13%. But even after that pullback, BONK is still holding on to a solid 20% weekly advance overall. Digging deeper, the charts paint a bullish picture for the near term. BONK has passed its 50-day exponential moving average (EMA) on the 4-hour time frame, using the level as support earlier today. Some analysts also point to a massive bull flag continuation pattern that appears to be forming on the daily chart. The one concerning signal is that spot trading volumes for BONK have dipped around 18% in the past 24 hours – suggesting that buying momentum may be slowing down. Still, the token’s price surge has been impressive, and if support levels hold, BONK could be primed for further upside this week. Meme Coin Mania Picks Up After Roaring Kitty’s Return BONK’s 20% weekly pump is just the tip of the iceberg when it comes to the meme coin resurgence. The heavyweights are leading the way, with Dogecoin, Shiba Inu, and Pepe all posting gains of over 6%. They were beaten by Book of Meme, which rallied 10% higher and is now trading at $0.011. Floki was also one of the top gainers, up 16% on the week. However, the relatively under-the-radar Brett token was the biggest gainer, rocketing 25%. Brett now boasts a market cap of $357 million and is the 10th largest meme coin in the world. With a combined value of almost $53 billion and $4.5 billion in spot volumes in the past day, the meme coin craze appears to be back in full flow. All of this has been sparked by the recent return of Reddit legend Roaring Kitty to Twitter – which has flipped the market back into “degen” mode. New SOL Meme Coin Sealana Nears $2M in Presale & Attracts Endorsements from Traders While established meme coins are receiving all the attention, one new project on Solana is also making moves. That project is Sealana, which is based around the stereotype of a lazy, overweight crypto degen. Sealana’s mascot is a chubby seal inspired by the iconic “World of Warcraft Guy” from South Park. The token has no use case or utility, yet despite all odds, its presale has attracted enormous attention. Sealana’s team has raised almost $2 million from its growing community in just a few weeks – surpassing expectations. SEAL seems to have benefited from the uptick in interest in “pure” meme coins and is now on track for a highly anticipated DEX launch. Adding to the buzz around SEAL are the mentions from top crypto influencers, with some claiming it’s among the best crypto to buy now. For example, YouTuber ClayBro, who has 129,000 subscribers, described the token as having “10x potential” in a recent video. Fellow YouTuber Jacob Bury also said SEAL is the “best crypto to buy now” in the meme coin space. Endorsements like these have led to significant growth in Sealana’s Telegram community, where the development team is actively engaging with investors. Clearly, the hilarious aesthetic and influencer backing have pushed SEAL into the spotlight – making it a strong contender to be Solana’s next breakout meme coin. Visit Sealana Presale This is a sponsored brand spotlight content post. Learn how to reach our audience here. Read disclaimer below. '], [649428, '2024-05-20 10:10:41', 'Judge Rules Craig Wright Lied ‘Extensively,’ Committed Forgery in Bid to Claim Satoshi Identity', 'judge-rules-craig-wright-lied-extensively-committed-forgery-in-bid-to-claim-satoshi-identity', 'Jamie Redman', 'On May 20, 2024, a ruling was delivered by Justice James Mellor in the COPA vs. Craig Wright case. Mellor determined that Wright lied “extensively and repeatedly” in his efforts to prove he was Satoshi Nakamoto. Mellor emphasized that Wright’s evidence was “at best questionable or of very dubious relevance or entirely circumstantial and at worst, fabricated and/or based on documents I am satisfied have been forged on a grand scale by Dr Wright.” UK Court Declares Craig Wright’s Satoshi Claims as Fabricated, Supports COPA The U.K. Justice James Mellor issued the long-awaited decision in the Cryptocurrency Open Patent Alliance (COPA) vs. Craig Wright case, noting that Wright’s “attempts to prove he was/is Satoshi Nakamoto represent a most serious abuse of this court’s process.” Mellor expressed his belief that Wright lied “extensively and repeatedly” and also scrutinized the evidence provided by Wright’s associates and his sister. “Nothing in her evidence gave any credence to Dr Wright’s claim to be Satoshi,” the judge remarked about his youngest sister’s testimony. In reviewing one particular document, Mellor found COPA’s evidence submissions to be “wholly convincing.” Regarding a specific document submitted by Wright, the judge stated, “Once again, I find this document was plainly forged by Dr Wright and his explanations were lies.” “It is clear that Dr Wright engaged in the deliberate production of false documents to support false claims and use the courts as a vehicle for fraud,” Mellor wrote. “Despite acknowledging in this trial that a few documents were inauthentic (generally blamed on others), he steadfastly refused to acknowledge any of the forged documents.” The judge added: Instead, he lied repeatedly and extensively in his attempts to deflect the allegations of forgery. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); In a message to Bitcoin.com News, a COPA spokesperson described the decision as highly significant. “This decision is a watershed moment for the open-source community and even more importantly, a definitive win for the truth,” the spokesperson explained. “Developers can now continue their important work maintaining, iterating on, and improving the Bitcoin network without risking their personal livelihoods or fearing costly and time-consuming litigation from Craig Wright.” The COPA representative added: Today’s ruling is the result of a concerted and united effort across the entire open source community – from developers, to those who selflessly contributed to funding this important case, to all members of the COPA alliance – and we want to thank them all for their time, dedication and support. Justice has been served today for the entire community. What do you think about Justice James Mellor’s ruling concerning the COPA vs. Craig Wright lawsuit? Share your thoughts and opinions about this subject in the comments section below.'], [649433, '2024-05-20 09:45:56', "Grayscale Leadership Change: Sonnenshein Steps Down — Goldman Sachs' Peter Mintzberg Appointed New CEO", 'grayscale-leadership-change-sonnenshein-steps-down-goldman-sachs-peter-mintzberg-appointed-new-ceo', 'Bitcoin.com', 'Crypto asset manager Grayscale Investments has appointed Peter Mintzberg as CEO, effective August 15, 2024. Mintzberg, currently Global Head of Strategy for Asset and Wealth Management at Goldman Sachs, will also join Grayscale’s Board of Directors. He succeeds Michael Sonnenshein, who steps down to pursue other interests. CFO Edward McGee will serve as interim principal executive officer. Sonnenshein, CEO since 2021, expanded Grayscale from $60 million to $30 billion in assets under management and led a historic court victory against the U.S. Securities and Exchange Commission (SEC).'], [649383, '2024-05-20 08:49:38', 'Ethereum Technical Insights: ETH Crosses $3,100 Mark for the First Time in 21 Days', 'ethereum-technical-insights-eth-crosses-3100-mark-for-the-first-time-in-21-days', 'Jamie Redman', 'Ethereum’s price has been exhibiting a narrow intraday range between $3,048 and $3,139. With a market capitalization of $373 billion and a 24-hour trading volume of $9.83 billion, the cryptocurrency shows a mixed technical outlook. At 7:57 (EDT) on Monday, ether is exchanging hands for just under $3,100 at $3,093 per unit. Ethereum The hourly chart for ethereum (ETH) indicates bearish pressure, particularly after the price failed to break above the $3,139 resistance level. Recent activity shows choppy price movements with a significant drop, signaling a slight sell-off. Support is identified at $3,048, with volume spikes suggesting active trading and potential short-term volatility. Traders should look for a strong support confirmation or a bullish reversal pattern before considering new positions. ETH/USD daily chart. On the 4-hour chart, ethereum presents mixed signals. A recent rally peaked at $3,147, followed by a pullback, indicating a consolidation phase. The support level is around $2,863, with visible volume spikes during the rally reflecting strong buying interest. The current consolidation phase suggests traders should watch for a breakout above recent highs or a drop below support to determine the next directional move. ETH/USD 4-hour chart. The daily chart shows a slightly bearish trend characterized by lower highs and lower lows. Support is found at $2,813, while resistance is at $3,356. Despite the bearish trend, recent bullish momentum is evident through a series of upswings, hinting at a potential short-term uptrend. Volume remains relatively low, indicating weaker conviction behind these price movements. A confirmed breakout above resistance or a firm bounce from support could signal stronger directional moves. Oscillators present a neutral outlook, with the relative strength index (RSI) at 52 and the Stochastic at 72.3. The commodity channel index (CCI) at 79 and the average directional index (ADX) at 16.0 also suggest neutrality. However, the momentum indicator at 193.9 and the moving average convergence divergence (MACD) level at -26.1 signal bullish conditions. Moving averages (MAs) offer a mixed view; shorter-term averages (10, 20, 30-day exponential moving averages (EMAs) and simple moving averages (SMAs) indicate positive signals, while longer-term averages (50, 100-day EMAs and SMAs) provide sell signals, reflecting a divergence in short-term versus long-term trends. For traders, potential entry points on the daily chart are around the $2,813 support level, provided there is confirmation of a bounce or reversal. On the 4-hour chart, entering near $2,863 per ETH could be strategic, especially with increasing volume and price strength. A more aggressive entry on the hourly chart could be near $3,048 if strong support and a bullish reversal pattern emerge. Exit strategies should consider the $3,356 resistance level on the daily chart, partial exits around $3,147 on the 4-hour chart, and exits near $3,139 on the hourly chart if no significant breakout occurs. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Bull Verdict: Given the recent bullish momentum observed in the daily chart with consecutive upticks in price and strong support levels around $2,813, ethereum demonstrates the potential for a short-term uptrend. The bullish signals from momentum indicators and MAs support this outlook. Bear Verdict: Despite the short-term bullish signals, ethereum’s overall trend remains slightly bearish with lower highs and lower lows on the daily chart. The significant resistance levels and the mixed signals from longer-term moving averages suggest caution. The low trading volume further indicates weak conviction behind recent price movements, implying that the bearish trend may persist unless significant bullish confirmation appears. Register your email here to get weekly price analysis updates sent to your inbox: What do you think about ether’s market action on Monday? Share your thoughts and opinions about this subject in the comments section below.'], [649364, '2024-05-20 07:46:29', 'Bitcoin Technical Analysis: Bulls Push Forward, Breaking Upper Resistance Levels', 'bitcoin-technical-analysis-bulls-push-forward-breaking-upper-resistance-levels', 'Jamie Redman', 'As of May 20, 2024, bitcoin is trading at $67,224, reflecting a strong market performance. The cryptocurrency has experienced a 24-hour range between $66,000 and $67,431, with a market capitalization of $1.32 trillion and a trading volume of $21.18 billion. Bitcoin The daily chart indicates that bitcoin (BTC) is in a prolonged uptrend, having recently reached a high of $67,654. Key support is observed at around $56,500, a level tested during the most recent dip. Despite the strong bullish momentum signaled by multiple large upswings, there is noticeable selling pressure near the recent highs, as evidenced by the dips that followed. Volume fluctuations align with significant price movements, suggesting active market participation. BTC/USD daily chart. On the 4-hour chart, bitcoin’s price action reveals a strong uptrend from $61,322 to $67,654, followed by a period of consolidation. Support is solidified around $65,500, while resistance remains at $67,654, consistent with the daily chart. The mix of ups and downs during consolidation indicates market indecision, though recent upticks suggest the potential for bullish continuation. Increased volume during significant price movements further corroborates this trend. BTC/USD 4-hour chart. The hourly chart presents a short-term uptrend within the broader trend, with a recent pullback to $65,901 before recovery. Support at $65,901 aligns with the level where the dip was bought up, reinforcing its significance. Resistance remains at $67,654, a critical level across all timeframes. The presence of several drops followed by some upswings indicates a potential reversal. Analyzing the oscillators, the relative strength index (RSI) at 58 points to a neutral market stance. The Stochastic is at 89, also reflecting neutrality. However, the commodity channel index (CCI) at 122 suggests a sell signal, indicating potential overbought conditions. The average directional index (ADX) at 21 denotes a weak trend, while the awesome oscillator, with a value of 3103, remains neutral. Notably, the momentum oscillator at 6389 and the moving average convergence divergence (MACD) level at 682 both suggest a buy signal, indicating upward momentum. The moving averages (MAs) paint a predominantly bullish picture. Both the exponential moving averages and simple moving averages across 10, 20, 30, 50, 100, and 200 periods indicate buy signals. The EMA at $65,222 and the SMA at $64,568 support the current price level, reinforcing the bullish outlook. The longer-term averages, such as the EMA (200) at $53,971 and the SMA (200) at $52,316, further underpin this positive trend, suggesting strong support levels well below the current price. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Bull Verdict: Given the strong upward trends observed in both short-term and long-term charts, supported by multiple buy signals from moving averages and momentum oscillators, the overall outlook for bitcoin remains bullish. Traders should watch for a breakout above the $67,654 resistance level, which could signal further price increases. Bear Verdict: Despite the prevailing bullish sentiment, some caution is warranted due to neutral signals from several oscillators and the potential for selling pressure near current highs. Should bitcoin fail to break above the $67,654 resistance, a pullback to the support level around $65,500 or lower is possible, indicating potential bearish pressure. Register your email here to get weekly price analysis updates sent to your inbox: What do you think about bitcoin’s market action on Monday? Share your thoughts and opinions about this subject in the comments section below.'], [649269, '2024-05-20 07:21:11', 'Nigerian Securities Regulator: Crypto Exchanges Complying With Naira Delisting Directive', 'nigerian-securities-regulator-crypto-exchanges-complying-with-naira-delisting-directive', 'Terence Zimwara', 'The Nigerian Securities Regulator has stated that cryptocurrency exchanges have complied with a directive to remove the local currency from peer-to-peer platforms. The acting director-general of the Nigerian Securities and Exchange Commission has called on platforms engaged in practices that undermine the national interest to cease such activities. Kucoin’s Delisting of Naira Receives Praise The Nigerian Securities and Exchange Commission (SEC) has stated that global cryptocurrency exchanges have adhered to its directive to delist the naira from their respective peer-to-peer (P2P) platforms. The SEC cited Kucoin’s recent announcement of its naira delisting and related services as evidence to support its claims. As recently reported by Bitcoin.com News, the Seychelles-based crypto exchange suggested that the temporary suspension of P2P naira services ensures Kucoin’s compliance with local regulations. The SEC’s assertion that crypto exchanges are complying came less than two weeks after the securities regulator announced plans to delist the naira from P2P platforms. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Local Currency Manipulation Allegations Nigerian officials argue that removing the naira from P2P crypto platforms deprives currency speculators of a tool used to manipulate the local currency’s exchange rate. Emomotimi Agama, the acting director general of the securities regulator, commented on reports that global crypto exchanges have adhered to the directive from the SEC and the Office of the National Security Adviser. “We are happy that they have started complying with the directives by the ONSA. We ask that those involved in sharp practices that undermine national interest should cease and desist. It is in our interest as a people to protect what belongs to us. Anyone that disobeys directives should be ready to face the full weight of the law,” Agama reportedly said. Agama added that his organization is collaborating with other entities, such as the Economic and Financial Crimes Commission, to ensure that peer-to-peer crypto trading does not flourish. Register your email here to get a weekly update on African news sent to your inbox: What do you make of Nigeria’s decision to ban P2P crypto trading? Let us know what you think in the comments section below.'], [649348, '2024-05-20 06:13:55', 'Balaji Srinivasan Highlights China’s Dedollarization and Envisions Post-Dollar Economy', 'balaji-srinivasan-highlights-chinas-dedollarization-and-envisions-post-dollar-economy', 'Bitcoin.com', 'Balaji Srinivasan, former CTO of Coinbase, recently shared his insights on the global economy and the future of the U.S. dollar on social media. He discussed the concept of dedollarization, suggesting that China and other countries are moving away from U.S. debt and investing in gold instead. He argued that this shift could potentially lead to reindustrialization, as the U.S. would need to produce goods rather than relying on the export of dollars. Srinivasan also highlighted the challenges of bringing back manufacturing to the U.S., suggesting that the best-case scenario might involve leapfrogging with robotics. However, he warned that if the U.S. fails to develop its robotics industry, it could lose both its physical power and financial might, particularly if the world moves away from the U.S. dollar as the reserve currency. Last year Balaji highlighted past support for dedollarization by President Biden’s chief economist advisor, Jared Bernstein.'], [649266, '2024-05-20 05:42:33', 'Veteran Trader Peter Brandt Says Peter Schiff Criticizes Bitcoin to Attract Attention, Increase Following', 'veteran-trader-peter-brandt-says-peter-schiff-criticizes-bitcoin-to-attract-attention-increase-following', 'Terence Zimwara', 'Veteran trader Peter Brandt has accused economist and gold advocate Peter Schiff of leveraging his criticisms of bitcoin to garner attention and increase his social media following. However, Schiff countered, asserting that he is simply offering his candid perspective on the investment risks associated with bitcoin. Peter Schiff’s Bets on Dead Horses Veteran trader Peter Brandt has criticized the gold advocate Peter Schiff, for his tendency to attack bitcoin (BTC) to garner attention and followers. Brandt suggested that he wants to give Schiff the benefit of the doubt, even though Schiff’s statements increasingly portray him in a negative light. In a post on X, Brandt appears to dissect one of Schiff’s social posts in which the gold bug predicts a rise in the price of silver by more than 20%, compared to a 2% rise for BTC. Brandt also suggests that while Schiff’s latest prediction is likely to materialize, many of his previous bets or predictions have not. “He knows he has been betting on dead horses. Just because one horse (Silver) $SLV $SILV decided to take a jog, Schiff is having a social media orgasm,” Brandt told his followers on X. As Bitcoin.com News has repeatedly reported, Schiff has consistently predicted the demise of bitcoin but these predictions have yet to come to fruition. Despite this, Schiff has not hesitated to make further forecasts. This has led bitcoin enthusiasts, and now Brandt, to question his motives. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); BTC an Imaginary Horse In his response to the veteran trader’s critique of his silver price prediction, Schiff countered by asserting that he was merely providing an honest perspective on the risks associated with investing in Bitcoin. He said: Why don’t you give me the benefit of the doubt and just assume I’m being honest about my view on bitcoin? If you are betting on bitcoin you are betting on an imaginary horse. A lot of people will lose a bunch of money betting on bitcoin. I am just warning them of the high risk. Meanwhile, reactions to Brandt and Schiff’s social media tiff appeared to be mixed with some supporting the latter’s position. Others however lambasted him for constantly focusing on BTC which he claims to loathe. One X user suggested that Brandt may have gone off course by attacking Schiff who he says is a brilliant macro guy. However, another said Schiff should be allowed to celebrate a first in 12 years. Do you agree with Brandt’s perspective on Peter Schiff’s motivation for criticizing Bitcoin? Share your thoughts in the comments section below.'], [649264, '2024-05-20 03:45:41', 'Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market', 'nigerian-currency-slides-5-after-central-bank-injects-more-than-80-million-into-forex-market', 'Terence Zimwara', 'The Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened by injecting between $80 million and $100 million. Central Bank Intervenes to Increase Liquidity The Central Bank of Nigeria’s (CBN) recent efforts to bolster the struggling local currency appear to have hit a roadblock after depreciating to a two-month low. The currency is reported to have depreciated despite the injection of between $80 million and $100 million into the foreign exchange market. A Bloomberg report noted that the naira’s 5.1% drop to NGN1,533.99 on May 16 wiped out the 4% gain that followed the CBN’s intervention. The report also mentioned that the Nigerian central bank had sold U.S. dollars three days before enhancing liquidity in the foreign exchange market. The naira’s latest decline is part of a trend that started in late April and has persisted into May. Bitcoin.com News recently reported that the currency’s performance led to it being dubbed the worst-performing. Samir Gadio, the head of Africa strategy at Standard Chartered Bank, linked the currency’s ongoing struggles to worries about the future of maturing naira futures contracts valued at $1.3 billion. “Market participants may still be concerned. The key question now is whether most offshore investors holding the May futures contract will buy dollars or reinvest naira proceeds in local debt,” said Gadio. if (!window.GrowJs) { (function () { var s = document.createElement(\'script\'); s.async = true; s.type = \'text/javascript\'; s.src = \'https://bitcoinads.growadvertising.com/adserve/app\'; var n = document.getElementsByTagName("script")[0]; n.parentNode.insertBefore(s, n); }()); } var GrowJs = GrowJs || {}; GrowJs.ads = GrowJs.ads || []; GrowJs.ads.push({ node: document.currentScript.parentElement, handler: function (node) { var banner = GrowJs.createBanner(node, \'MPdnw9B-tTr39Mr-vtbr5r8-uEfsGu9\', [300, 250], null, []); GrowJs.showBanner(banner.index); } }); Reports of the naira’s recent depreciation against the U.S. dollar emerged as Nigeria prepares for another potential increase in interest rates. The CBN’s Monetary Policy Committee is widely anticipated to continue a policy that has been key in sustaining foreign investor interest. The committee has already raised interest rates by a total of 600 basis points in just two meetings, one in February and another in March. The goal of these rate increases is to control the country’s inflation rate, which was at 33.7% in April. Register your email here to get a weekly update on African news sent to your inbox: What are your thoughts on this story? Let us know what you think in the comments section below.'], [649324, '2024-05-20 03:29:58', 'Gold Prices Break Record Highs, Silver Also Rallies', 'gold-prices-break-record-highs-silver-also-rallies', 'Bitcoin.com', 'Gold has continued rising in financial markets, hitting new all-time high (ATH) prices against the U.S. dollar. The precious metal’s price rose to levels close to $2,450 per ounce this Monday, fueled by geopolitical tensions and the expectations of a Federal Reserve dovish move on interest rates. Other motives propelling gold prices would be the continued demand from central banks, which have propped up gold prices by 30% this year. Silver also rallied, reaching $32.28, breaking an 11-year price record.'], [649329, '2024-05-20 02:15:17', "UXLINK Tops RootData's Latest X Hot Items List and DappRadar Social Apps List", 'uxlink-tops-rootdatas-latest-x-hot-items-list-and-dappradar-social-apps-list', 'Media', 'PRESS RELEASE. UXLINK, the Web3 social platform and infrastructure that enables users and developers to discover, distribute and trade crypto assets socially and in groups, has topped the latest edition of the X Hot Projects list and is now No. 2 on the platform’s Hot 100 list for the past seven days, according to the RootData Charts page. According to its official website, UXLINK currently has over 6 million registered users, over 100,000 groups, and over 1.2 million daily active users. DappRadar data shows that it has over 800,000 UAWs, and is ranked #1 in the social media apps charts for 24 hours/7 days. Coin98 Analytics data also shows that the number of UXLINK’s active on-chain addresses in the last 30 days exceeded 1.8 million, ranking #1 in the social category. On May 13th, UXLINK announced a new round of financing led by SevenX Ventures and other top-tier institutions, including OKX Ventures, with a cumulative amount of over $15 million. Recently, UXLINK announced the issuance of “IN UXLINK WE TRUST ” series of NFTs as airdrop vouchers. Depending on the user’s community contribution, chain interaction and assets, it corresponds to different rights and $UXLINK tokens airdrop quantity. About UXLINK UXLINK is the largest web3 social platform and infrastructure for users and developers to discover, distribute, and trade crypto assets in unique socialized and group-based manners. Mint UXLINK NFT: https://dapp.uxlink.io/uxnft Contact Details: UXLINK Web: https://www.uxlink.io/ UXLINK Twitter : https://twitter.com/UXLINKofficial UXLINK Telegram: https://t.me/uxlinkofficial Contact Information: UXLINK [email protected] This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.'], [649198, '2024-05-20 01:35:48', 'Coinbase Highlights Key US Regulatory Developments Driving Crypto Prices', 'coinbase-highlights-key-us-regulatory-developments-driving-crypto-prices', 'Bitcoin.com', 'The latest Coinbase Weekly Market Commentary, dated May 17, highlights the crucial influence of regulatory developments on U.S. cryptocurrency markets. Coinbase stated: “Macro continues to be a key driver for crypto performance, though we think upcoming major catalysts may be regulatory driven.” Upcoming regulatory events include the Securities and Exchange Commission (SEC)’s decisions on spot ether exchange-traded funds (ETFs), potential White House actions on the SEC’s SAB 121 repeal, and the U.S. House vote on the Financial Innovation and Technology (FIT) for the 21st Century Act. “Potential stablecoin legislation, such as the Lummis-Gillibrand Payment Stablecoin Act, could also accelerate this adoption cycle,” Coinbase noted.'], [649285, '2024-05-20 01:00:05', 'Paraguay Proposes Harsh Penalties for Illegal Bitcoin Mining', 'paraguay-proposes-harsh-penalties-for-illegal-bitcoin-mining', 'Bitcoin.com', 'The Paraguayan government is urging lawmakers to pass a bill that would impose up to 10 years in jail for illegal bitcoin miners, in response to the large amounts of electricity theft threatening the state-owned National Electricity Administration (ANDE). The bill includes provisions for Paraguayan police and prosecutors to seize and sell off mining equipment from illegal operations, aiming to protect ANDE from energy theft which has resulted in significant financial losses. Amidst this crackdown, over 5,000 ASIC miners have been confiscated this year, and there’s also legislative momentum potentially leading to a temporary ban on bitcoin mining in the country.'], [648798, '2024-05-20 00:31:56', "IMF Acknowledges Russian Assets' Confiscation Might Undermine the World's Financial System", 'imf-acknowledges-russian-assets-confiscation-might-undermine-the-worlds-financial-system', 'Sergio Goschenko', 'The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called for these actions to have a proper justification to avoid threatening the world’s financial system. IMF Calls for Proper Action Regarding Confiscation of Russian Assets Abroad The possible confiscation of Russian assets abroad has prompted different analysts and even international organizations like the International Monetary Fund (IMF) to express their opinions on how this should be carried out. Given the recent approval of the Rebuilding Economic Prosperity and Opportunity (REPO) Act by the U.S. House, which empower to the U.S. president to confiscate these assets, some have raised concerns about how this might affect the financial system. Julie Kozack, a spokesperson for the IMF, remarked on the need for due process when taking any actions regarding a takeover of these Russian assets. According to Sputnik, Kozack stated: What is important for the IMF is that any action taken has a sufficient legal basis and does not harm the functi...
[Social Samples]
- Tweets (sample): N/A
- Reddit (sample): [['u/Infamous-Shop-2730', 'Lost 60k on stake with no net worth', 29, '2024-05-20 00:28', 'https://www.reddit.com/r/SamayRaina/comments/1cw07xv/lost_60k_on_stake_with_no_net_worth/', 'I liked stake by watching from streams and some reels\nDeposited inr 1000 from bank made it 4k and list all in 3days\nThen i saw the option if crypto and I had 70k 80k₹ worth of btc which I bought at 28lac price k somehow felt to use the profit anyway \n\nSo deposited 6k lost and then 7k lost and then \n50k and lost it all\n\nI have become too much of free mind and now humbled enough \nBeing from middle class family( the fact middle class) this was my biggest blunder yet.\nSAMAY PLEASE DROP A LAUGHING EMOJI BELOW. BUT ANYWAYS THIS WAS MY RANT\n', 'https://www.reddit.com/r/SamayRaina/comments/1cw07xv/lost_60k_on_stake_with_no_net_worth/', '1cw07xv', [['u/Solid-Monitor-3088', 66, '2024-05-20 00:40', 'https://www.reddit.com/r/SamayRaina/comments/1cw07xv/lost_60k_on_stake_with_no_net_worth/l4sqvik/', "Most gamblers quit before hitting big , so you're missing out", '1cw07xv'], ['u/random--shit', 18, '2024-05-20 01:32', 'https://www.reddit.com/r/SamayRaina/comments/1cw07xv/lost_60k_on_stake_with_no_net_worth/l4sy5th/', "Why ? Like on the stream raftar did say that kids shouldn't do it .", '1cw07xv'], ['u/StrictTraffic3277', 12, '2024-05-20 03:33', 'https://www.reddit.com/r/SamayRaina/comments/1cw07xv/lost_60k_on_stake_with_no_net_worth/l4tep4h/', 'Stop watching hikaru', '1cw07xv']]], ['u/qualaric', "What's the outcome of AI girlfriends other than women going broke!?", 46, '2024-05-20 00:49', 'https://www.reddit.com/r/LengfOrGirf/comments/1cw0o46/whats_the_outcome_of_ai_girlfriends_other_than/', "People say about the demographic of this sub is a bunch of dork drama queen black bums btches! And don't have the bandwidth of an actual dialog!\n\nProve then wrong GO", 'https://i.redd.it/6uvmda8qpg1d1.jpeg', '1cw0o46', [['u/alienswillarrive2024', 14, '2024-05-20 00:58', 'https://www.reddit.com/r/LengfOrGirf/comments/1cw0o46/whats_the_outcome_of_ai_girlfriends_other_than/l4stdab/', "We already have sex dolls and sex robots that are in it's infancy stage, the demand is too high for it not to happen once the tech is available.", '1cw0o46']]], ['u/TheGDC33', 'The case for $KENDU Info Journal #1', 60, '2024-05-20 02:05', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/', "Here is the first installment of data/information on $KENDU, a memecoin built with a plan around a strong dev with experience and vision. THIS IS NFA, but merely sharing of my perspective on this coin. I have been in the crypto space since 2017 and as of about six weeks ago I had avoided touching memecoins altogether. I had a plan, but it all got derailed when I kept digging and reading and looking at KENDU. Yes, I have a bag, but that doesn't mean I am trying to tell you to buy. I merely want to provide an avenue for you to see the facts and come to your own financial choice (As of starting this and writing I have already read a couple additional posts from KENDU members and it is really really hard to keep up with these Chads and Chadettes. We don't gamble, We Work is just as much that calling card as it is the ethos!)\n\n \nHistorically as the godfather/HBIC/Champion of crypto-BTC ebbs and flows and all others follow it. After the halving historically BTC has topped out about 12 - 18 months later. Yes, I know that a new ATH happened pre-halving, but all metrics point to this pattern still holding up, so let's presume we have 11- 17 months to go. That would put us in October 2025.\n\nPoint #1: THIS IS THE RIGHT TIME with a low marketcap and constant growth (holders and TG members).\n\nThis brings me to my first point $KENDU has plenty of time to keep growing organically where holders and TG members keep going up, price will follow when it damn well wants to. I love KENDU because the roadmap is laid out. Right now could be a great time to buy if you feel it is right for you. I surely would love to have gotten in at this purchase price, but the road to the top is NEVER a straight line. Kendu Miazaki is targeting a 20 billion market cap. If you were to be ultra conservative with your investment and say 500 million market cap, that is still 25x away. \n\n[SHIB 50% retracements throughout most of its rise to stardom](https://preview.redd.it/ah7l8jb02h1d1.jpg?width=1069&format=pjpg&auto=webp&s=b43f372fa7a3f9c47a8b2f60014ecdc9cadc115a)\n\n \nOur community member circled all the places $SHIB retraced 50% or more from Feb 2021 - to May 2024 (I can't even keep up. I wanted to see a comparison of any hyper successful memecoin's path and there it was in the TG)-->insert Ethos. Check other successful memecoins with meteoric rises (DOGE, PEPE, WIF, FLOKI, BONK) for yourself. Those who can understand the vision and goals laid out by our fearless leader Kendu Miazaki will see this coin is still in its infancy. It could retrace another 20% or start rising meteorically ( I started this a couple hours ago and that retrace which I was targeting as a buy in price and then went all in anyway, has already hit), but my job is to arm you with facts to inform you on your journey.\n\n \nTLDR: $KENDU is going to sendu and help you make monstrous gains if you invest. This really could be the bottom or it could go down a bit more, but here is what I would share to encourage confidence [Cowboy of Crypto Checks Holder Wallets of KENDU](https://www.youtube.com/live/YuKB-AVyA8c?si=SjBFuPATxug-Jzjg) (TIME STAMPS: 18:25 - 27:00 then he buys...he was talking to me about clipping the video, but he didn't know I wasn't smart enough to figure it out and a 1 minute clip was not enough). It took me a while to figure it out, but I did the same thing with a number of wallets and I couldn't even find any sells (I did find my own wallet). The top holders are doing just that: HOLDING or BUYING more.\n\n \nHappy to answer any questions, but go easy on me as this was my first foray into trying to share. \n\nNext Episode = Point #2 The Community my experience.", 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/', '1cw29kj', [['u/jimjamj14', 21, '2024-05-20 02:09', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t34au/', '$KENDU is following the same pattern it did right before exploding up to 60mil 👀…', '1cw29kj'], ['u/Disastrous_Mango_772', 22, '2024-05-20 02:09', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t35yt/', 'What a write up! $Kendu is about to sendu', '1cw29kj'], ['u/Humble_Fan6347', 20, '2024-05-20 02:10', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t3c01/', "I'm all onboard this. The key for me has been finding an Alpha to get into with community as the focus. I was looking for something to emerge pre bullrun kicking in. And something that followed a similar process to Shib. Organic, no paid influencers and pump and dump mentality. I've now loaded up on Kendu and am looking forward to riding it over the next 12 months.", '1cw29kj'], ['u/Bigsal0009', 25, '2024-05-20 02:11', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t3hug/', 'All great points. Feeling are the same for kendu. Honestly get the same vibe as early Shib. And that’s a breath of fresh air. Not to mention Shytoshi himself popped in out TG and is featuring us in Shib Magazine soon. Which will expose us to loads of new buyers!!', '1cw29kj'], ['u/dilutedbreakfast', 18, '2024-05-20 02:13', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t3q7q/', "Well said my dude, I've gone all in on $KENDU", '1cw29kj'], ['u/stayseaart', 19, '2024-05-20 02:15', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t3xix/', 'This was beautifully written — this is by far the most active and raw community I’ve seen in a long time. Hats off, helmets on $kendu', '1cw29kj'], ['u/RegardedQt314', 18, '2024-05-20 02:16', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t41pw/', "i love write ups like these, really shows you that Kendu is building something special. that video of that crypto cowboy investor checking the top 20 wallets and seeing that they're not selling was hilarious to watch 😅", '1cw29kj'], ['u/Gullible_Touch2735', 15, '2024-05-20 02:17', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t47n0/', "Very well written and I'm sure I can speak for everyone here when I say we're happy to have you. 500 mil ath is hard fud though ; )", '1cw29kj'], ['u/TheGDC33', 15, '2024-05-20 02:17', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t4884/', 'Really want to try and do the next one about the community (and maybe I will be in a good head space to even touch on the idea of building community and how vital that is...Not just for Crypto for humans as social beings', '1cw29kj'], ['u/mwardell142', 13, '2024-05-20 02:18', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t4cqo/', "Agree about the timing of the project. Perfect amount of time to allow growth, and to get eyes on the project while everything's in a bit of a lull. I'm expecting a huge takeoff after new eth ATH", '1cw29kj'], ['u/TheGDC33', 16, '2024-05-20 02:18', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t4g6g/', "Yes I know it isn't even close to the potential or goals, but I don't want to shove some number in people's faces that is very far off for many and will be filled with lots of ups and down. I think the number is used is SOOOOOO conservative yet tangible plus it is still a massive gain.", '1cw29kj'], ['u/1Kendu', 17, '2024-05-20 02:25', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4t5cc9/', 'Can’t agree more. I haven’t felt this bullish on any coin ever. Tho I keep my sanity not by looking at the chart but looking at holder growth and TG member growth. And on top of this I pass the time by putting on my helmet and getting to work with the other Kendu chads and chadettes. The culture is amazing and it’s a whole lot of fun to be a part of. \n\nFor example Kendu Army some how started targeting Crypto Lark on YT a channel with over 1million subs and just by accident trolling Lark has become a Kendu Culture pass time. It’s all in good fun of course and Kendu Army keeps it classy with a taste of edgyness too. \n\nHope you buy a bag, put on the helmet, pour yourself a martini and join the fun! \n\nKendu 4 life', '1cw29kj'], ['u/TheGDC33', 10, '2024-05-20 03:02', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4tah63/', 'We just reached over 5000 TG members, so you can imagine that we do roll rather deep. While I could understand your knee jerk reaction here, you should really come check it out for yourself. Additionally, this just may not be for you, but I implore you to at least take a look yourself in the TG. Memecoins are real and the successful ones have had massive exponential returns. If this is a real one you owe it to yourself to scope it out. If what you saw is a really a red flag, then all good too. Good Luck in your investing endeavors.', '1cw29kj'], ['u/TheGDC33', 15, '2024-05-20 03:04', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4taprk/', 'I was in on one of the Lark raids and some of the army had some very clever and hilarious comments. It really was a blast.', '1cw29kj'], ['u/dilutedbreakfast', 10, '2024-05-20 03:32', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4tei6w/', 'Lol not one of those replies is from a bot', '1cw29kj'], ['u/Acceptable-Grape-499', 12, '2024-05-20 06:12', 'https://www.reddit.com/r/SatoshiStreetBets/comments/1cw29kj/the_case_for_kendu_info_journal_1/l4tyuys/', 'Wow love this very well said. Been in kendu since 8 million mc. Love the project and community. KENDU IS SUPER BULLISH 👌\xa0', '1cw29kj']]], ['u/TheGDC33', 'The case for $KENDU Info Journal #1', 28, '2024-05-20 02:47', 'https://www.reddit.com/r/WallStreetBetsCrypto/comments/1cw32nx/the_case_for_kendu_info_journal_1/', "Here is the first installment of data/information on $KENDU, a memecoin built with a plan around a strong dev with experience and vision. THIS IS NFA, but merely sharing of my perspective on this coin. I have been in the crypto space since 2017 and as of about six weeks ago I had avoided touching memecoins altogether. I had a plan, but it all got derailed when I kept digging and reading and looking at KENDU. Yes, I have a bag, but that doesn't mean I am trying to tell you to buy. I merely want to provide an avenue for you to see the facts and come to your own financial choice (As of starting this and writing I have already read a couple additional posts from KENDU members and it is really really hard to keep up with these Chads and Chadettes. We don't gamble, We Work is just as much that calling card as it is the ethos!)\n\nHistorically as the godfather/HBIC/Champion of crypto-BTC ebbs and flows and all others follow it. After the halving historically BTC has topped out about 12 - 18 months later. Yes, I know that a new ATH happened pre-halving, but all metrics point to this pattern still holding up, so let's presume we have 11- 17 months to go. That would put us in October 2025.\n\nPoint #1: THIS IS THE RIGHT TIME with a low marketcap and constant growth (holders and TG members).\n\nThis brings me to my first point $KENDU has plenty of time to keep growing organically where holders and TG members keep going up, price will follow when it damn well wants to. I love KENDU because the roadmap is laid out. Right now could be a great time to buy if you feel it is right for you. I surely would love to have gotten in at this purchase price, but the road to the top is NEVER a straight line. Kendu Miazaki is targeting a 20 billion market cap. If you were to be ultra conservative with your investment and say 500 million market cap, that is still 25x away.\n\n[SHIB 50% retracements throughout most of its rise to stardom](https://preview.redd.it/9lmje0kgah1d1.jpg?width=1069&format=pjpg&auto=webp&s=85bb512572cb48253665f414905b1bbe292a2cb0)\n\nOur community member circled all the places $SHIB retraced 50% or more from Feb 2021 - to May 2024 (I can't even keep up. I wanted to see a comparison of any hyper successful memecoin's path and there it was in the TG)-->insert Ethos. Check other successful memecoins with meteoric rises (DOGE, PEPE, WIF, FLOKI, BONK) for yourself. Those who can understand the vision and goals laid out by our fearless leader Kendu Miazaki will see this coin is still in its infancy. It could retrace another 20% or start rising meteorically ( I started this a couple hours ago and that retrace which I was targeting as a buy in price and then went all in anyway, has already hit), but my job is to arm you with facts to inform you on your journey.\n\nTLDR: $KENDU is going to sendu and help you make monstrous gains if you invest. This really could be the bottom or it could go down a bit more, but here is what I would share to encourage confidence\xa0[Cowboy of Crypto Checks Holder Wallets of KENDU](https://www.youtube.com/live/YuKB-AVyA8c?si=SjBFuPATxug-Jzjg)\xa0(TIME STAMPS: 18:25 - 27:00 then he buys...he was talking to me about clipping the video, but he didn't know I wasn't smart enough to figure it out and a 1 minute clip was not enough). It took me a while to figure it out, but I did the same thing with a number of wallets and I couldn't even find any sells (I did find my own wallet). The top holders are doing just that: HOLDING or BUYING more.\n\nHappy to answer any questions, but go easy on me as this was my first foray into trying to share.\n\nNext Episode = Point #2 The Community my experience.", 'https://www.reddit.com/r/WallStreetBetsCrypto/comments/1cw32nx/the_case_for_kendu_info_journal_1/', '1cw32nx', [['u/bakchod_bilowta', 10, '2024-05-20 18:28', 'https://www.reddit.com/r/WallStreetBetsCrypto/comments/1cw32nx/the_case_for_kendu_info_journal_1/l4w7jp0/', 'Nailed it right into the peeepee of jeets, #sorry Daniel this is going to the moon without you @kenduinu', '1cw32nx'], ['u/AdventOfWonder', 11, '2024-05-20 19:03', 'https://www.reddit.com/r/WallStreetBetsCrypto/comments/1cw32nx/the_case_for_kendu_info_journal_1/l4wdhfa/', "Kendu's culture has all the fundamentals of successful project. Short term price action is not even a factor for me, personally.", '1cw32nx']]], ['u/oxwy', 'Hit 100k at 22', 130, '2024-05-20 02:58', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/', "Don't talk to anyone about my finances so I wanted to share it here 🥳\n\nI saw a TikTok about IRAs and went down a rabbit-hole and have been lurking for the past few years.\n\nCome from immigrant parents from SEA who worked very hard to support me through school without me needing to work at the same time. My dad wanted to go to school in my same major (EE), but did not know enough English so had to drop out after a year. He is doing fine now and a very hard worker. I am so thankful and proud of them.\n\n \nI went to my no-name state school (Low GPA, didn't know what I wanted to do during high school so it was my only option). FAFSA + scholarship covered almost all of it (No Debt). Lived at home during school. Worked as a research assistant + 3 internships and graduated last year. After graduation, I moved to a M/HCOL location for my first FT job in big tech.\n\nBreak Down:\n\n* 6.2k HSA\n* 36k Roth IRA\n* 28k 401k\n* 2.8k Taxable\n* 1.2k BTC\n* 32k Savings (Emergency Fund + Checking Account). I use wealthfront, so my spending/savings is in the same bucket.", 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/', '1cw3af2', [['u/LittleLordFuckleroy1', 76, '2024-05-20 03:23', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4tdczo/', 'Big tech is basically a cheat code, but sounds like you and your family have worked hard to put yourself in a position to take advantage of that.\n\nKeep up the good work. Hope you can find a good balance of saving and letting yourself live a little. But you’re on good pace to never need to worry about money again.\n\nEnjoy and congrats.', '1cw3af2'], ['u/CaptainWallNut', 21, '2024-05-20 03:30', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4tead7/', 'Probably 1.2k USD worth of BTC at current prices', '1cw3af2'], ['u/YifukunaKenko', 10, '2024-05-20 03:37', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4tf5jg/', 'What are you investing in in roth and taxable ?', '1cw3af2'], ['u/oxwy', 17, '2024-05-20 03:51', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4th2zz/', 'roth: \n60% VTI \n30% VXUS \n10% BND\n\n \nfor the next 20 years or so, this is my investment plan until i taper in bonds closer to retirement age: \n52% vti \n23% vxus \n25% avgv \n\n\ntaxable: \n100% vti', '1cw3af2'], ['u/Ramietoes', 41, '2024-05-20 03:58', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4ti3w2/', "Get out of bonds. You're way too young to be conservative.", '1cw3af2'], ['u/oxwy', 16, '2024-05-20 04:07', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4tjegh/', 'thank you :) i agree, i got super lucky around the time i graduated.', '1cw3af2'], ['u/TellSpectrumNo', 21, '2024-05-20 04:23', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4tlotk/', 'Yes, you can buy parts of a bitcoin.', '1cw3af2'], ['u/ferruix', 11, '2024-05-20 04:31', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4tmmud/', 'Agree that you should get out of bonds. Your continued employment is effectively a huge bond. You likely have no need for fixed income beyond an emergency fund at this point.', '1cw3af2'], ['u/cactusqro', 16, '2024-05-20 05:14', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4tsba9/', 'How do you have 36k in a Roth already?', '1cw3af2'], ['u/oxwy', 29, '2024-05-20 05:28', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4ttvvc/', 'first internship was spring 2021. ($25/hr + 3k housing stipend but i live close and stayed home so didn’t need to use it). maxed out 2020 ira and have been since. this year, i maxed 2024 at the beginning of the year.', '1cw3af2'], ['u/cactusqro', 14, '2024-05-20 06:21', 'https://www.reddit.com/r/Fire/comments/1cw3af2/hit_100k_at_22/l4tztq6/', 'Good on you for being prudent and getting started early.', '1cw3af2']]], ['u/Much-Marsupial6874', 'Why is gold better than Bitcoin?', 54, '2024-05-20 03:32', 'https://www.reddit.com/r/Gold/comments/1cw3x7v/why_is_gold_better_than_bitcoin/', "I was having an argument about that topic.\n\nMy main arguments were:\n\n- humans have agreed that gold has value for More than thousands of years while Bitcoin is still too new\n\n\n- without electricity there Is no Bitcoin (but in that case of a collaps it's kinda doubtful that gold would be any More useful though. Instead you would be better off with guns, ammo and access to food and wáter)\n", 'https://www.reddit.com/r/Gold/comments/1cw3x7v/why_is_gold_better_than_bitcoin/', '1cw3x7v', [['u/alwaus', 17, '2024-05-20 03:43', 'https://www.reddit.com/r/Gold/comments/1cw3x7v/why_is_gold_better_than_bitcoin/l4tg28b/', 'Because gold actually exists and bitcoin does not.', '1cw3x7v'], ['u/AdderallisEvil', 53, '2024-05-20 03:46', 'https://www.reddit.com/r/Gold/comments/1cw3x7v/why_is_gold_better_than_bitcoin/l4tghhz/', 'Because gold is used to make things, including the electronics you need tor Bitcoin. Thus our world would be quite different without gold (along with every other metal). Without Bitcoin…. Well things would basically be the same as they are now minus this discussion lol', '1cw3x7v'], ['u/undertheeuropaice', 17, '2024-05-20 04:25', 'https://www.reddit.com/r/Gold/comments/1cw3x7v/why_is_gold_better_than_bitcoin/l4tlu2n/', 'If you want to hedge an uncertain future, you should own both. The things that give gold “intrinsic value” mostly are the same as bitcoin. BTC is superior to gold in some aspects….gold is superior in others. I could see a future where both do well and I could see a future where one skyrockets and the other becomes worthless. So I own both.', '1cw3x7v'], ['u/Much-Marsupial6874', 11, '2024-05-20 05:40', 'https://www.reddit.com/r/Gold/comments/1cw3x7v/why_is_gold_better_than_bitcoin/l4tv9uj/', "When there Is no electricity our whole society doesn't exist anymore. Those arguments about some human extinction event happening are not really useful.", '1cw3x7v'], ['u/meshflesh40', 64, '2024-05-20 07:29', 'https://www.reddit.com/r/Gold/comments/1cw3x7v/why_is_gold_better_than_bitcoin/l4u6eua/', 'Gold is physical. Thats the one clear advantage. \n\n\nIf you forget your private keys or misplace your seed phrase...you could be easily irreversibly screwed. \n\n\nI love BTC. But its not perfect. Gold has its flaws too of course. \n\n\nBut anything is better than fiat at this point', '1cw3x7v'], ['u/Minor_Blackbird', 14, '2024-05-20 10:14', 'https://www.reddit.com/r/Gold/comments/1cw3x7v/why_is_gold_better_than_bitcoin/l4ujzo9/', "When the lights go out, which one can you hold in your hand? That's the question.", '1cw3x7v'], ['u/C10H24NO3PS', 11, '2024-05-20 16:17', 'https://www.reddit.com/r/Gold/comments/1cw3x7v/why_is_gold_better_than_bitcoin/l4vm4d3/', 'On the flip side because gold is physical governments and thieves can take it from you. It is hard to move and airports make you declare it and scan for it.\n\nThe fact that bitcoin is digital means no one can take it from you unless you let them. It cannot be stolen or confiscated unless you give them a way to access your private key', '1cw3x7v']]], ['u/igothackedUSDT', 'I lost 650k from last bull run.', 957, '2024-05-20 04:54', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/', 'I been in crypto since 2017. I got into it during the top back then. Was just a poor college grad, so I didn\'t have much to lose. Luckily as crypto crashed in 2018 I landed a nice paying job. I was putting 90% of my pay check into crypto up until mid 2020. Buying btc at 3k and eth sub 100. I bought Chainlink at 30 cents. A few other good entries too. Sadly I also had a big portion of my shitfolio in XRP, but tbf it had some fair returns in 2021. \n\nI sold my portfolio in Feb 2021, a bit too early. And as you guessed, everything ran up 2-3 X higher after I sold. I told myself I wouldn\'t look back. And that we were entering a long bear market. I had about 700k at that time. All of it put into Anchorrrrr. Quit the job too like a fool. And as you already know 2021 was a double bubble. \n\nLater, in November that year btc reached new ath\'s, followed by a correction. I thought a major alt season was on the rise. "I just need a 2x to make up for what I missed out on." I still remember that one night, at the intersection in my car at a red light. It was midnight and I was the only one there. Looked at my phone and saw -50% across the entire crypto market. It was all downhill from there.\n\nNot everyone wins. In order for you to win, someone must lose. Who here is from the 2017 era still hasn\'t "made it"? Am I the only one? Like a child held back a grade? I\'m still here, it was painful. My portfolio was near math\'s recently, but not quite. The bull isn\'t exactly guaranteed. I been learning TA for the past few years and listening about how the markets work. But I\'m still here, for now.', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/', '1cw5gpv', [['u/topcontender', 113, '2024-05-20 05:06', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4trcab/', 'Rule number 1 of crypto… If you’re gonna sell, don’t put it all back in.', '1cw5gpv'], ['u/kumasai', 14, '2024-05-20 05:08', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tri6m/', "I'm up 37000% still. It's a long game. Been in since 2017 as well.", '1cw5gpv'], ['u/IllIllIlllil', 859, '2024-05-20 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tshyf/', "What a coincidence, I've been here since 2017 as well but kept it all in bitcoin and a bit in ethereum.", '1cw5gpv'], ['u/No-Tea-592', 106, '2024-05-20 05:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tsidf/', 'You put all your money back in at the top of the market?', '1cw5gpv'], ['u/Benjamincito', 11, '2024-05-20 05:22', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tt6dq/', 'Why anchor tho bro\n\nI have never heard of anchor', '1cw5gpv'], ['u/igothackedUSDT', 46, '2024-05-20 05:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4ttd7d/', 'Yeah, I was greedy. Helbent to make at least over a mil.', '1cw5gpv'], ['u/igothackedUSDT', 30, '2024-05-20 05:26', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4ttr4b/', "I didn't. Lose the money in anchor. The summer of 2021 I thought the market was done, so I wanted to make passive income. I sat there until fall when btc broke new ath's. After I lost most of my ass, I sat in usdc, dodge the UST shenanigans, when btc was at 30k I appeared into alts thinking it was the bottom. I was very wrong. I dodged UST, but it didn't really matter.", '1cw5gpv'], ['u/Whole_Financial', 47, '2024-05-20 05:32', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tue79/', 'never once heard of anchorrrr in my life', '1cw5gpv'], ['u/No-Tea-592', 27, '2024-05-20 05:39', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tv83i/', 'It must have been excruciating not having that dry powder at the bottom of the bear market. \n\nWhat has your strategy been since then?\n\nI made the same mistake. I put all my money into the market just before the first massive dip losing a lot of money (China crypto ban dip), and then I broke even after the market rebounded to its ATH. And then I I lost about 90% after LUNA and FTX shitshow. So I never gained anything for taking on such massive risk.\n\nNow I am doing alright because I consolidated everything into Solana and have just been DCAing into it.', '1cw5gpv'], ['u/iworkisleep', 10, '2024-05-20 05:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tw1g4/', 'So with merely 10k you made 3.7 milly. Politely, wtf is you still doing here lol', '1cw5gpv'], ['u/snktido', 15, '2024-05-20 05:49', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4twa10/', 'Rug-pull comment.', '1cw5gpv'], ['u/conceiv3d-in-lib3rty', 11, '2024-05-20 05:54', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4twvzk/', 'Probably would have came dangerously close to hanging it up if I ever lost $650k on anything. \n\nLost over a half a million, got right back in immediately! \n\nLike a fucking dog that keeps coming back to you after whacking it upside the head lmao.', '1cw5gpv'], ['u/No-Tea-592', 15, '2024-05-20 05:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tx4l3/', 'I think it was connected to the Luna ecosystem. I recall that it was offering 20% a year return for staking it something.', '1cw5gpv'], ['u/Vaginosis-Psychosis', 21, '2024-05-20 05:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4txckc/', "So.... do you at least realize that you're a shit trader? Or is it going to take another couple bull markets of losing everything?", '1cw5gpv'], ['u/imadumbshit69', 11, '2024-05-20 05:58', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4txdu6/', "20% apy. There's your problem", '1cw5gpv'], ['u/DryGeneral990', 22, '2024-05-20 06:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4txkob/', "I bought near the top in 2021. Watched my portfolio go down 80% but held. It was +25% a couple months ago. Now I'm down 5-10%. Kinda wish I sold two months ago but I held this long, so I might as well hold it until next year.", '1cw5gpv'], ['u/Seromontis056', 90, '2024-05-20 06:03', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4txwzq/', "Go to gamblers anonymous before it's too late.", '1cw5gpv'], ['u/ImSoHungryRightMao', 22, '2024-05-20 06:12', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tytj7/', 'Specifically: \nKeep some cash for the taxman.\nAnd wait a while before reinvesting. There will always be dips.', '1cw5gpv'], ['u/Dr_Bendova420', 40, '2024-05-20 06:12', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tyv0d/', 'Wait so you made over $250k anyways instead of $700k???\n\nThat’s pretty good :-) you beat inflation!', '1cw5gpv'], ['u/Fatfire_Crypto', 62, '2024-05-20 06:15', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tz6ld/', '> I been learning TA for the past few years\n\nPlease don\'t do this.\n\nOtherwise you\'ll be saying this same quote again after the next bullrun:\n\n> Not everyone wins. In order for you to win, someone must lose. Who here is from the 2017 era still hasn\'t "made it"?\n\nJust hold, and also make sure you diversify your portfolio with non-crypto assets.', '1cw5gpv'], ['u/MMariota-8', 16, '2024-05-20 06:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tzbsn/', 'I never get why anyone would sell off their entire portfolio in one fell swoop. Piece by piece when it hits certain thresholds is a good strategy, but unless it gets to point where you can literally be set for life by selling it all, why would you even consider doing that?', '1cw5gpv'], ['u/C-Class_hero_Satoru', 40, '2024-05-20 06:19', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tzl39/', 'Well my loss is not massive like yours\n\nI entered on February 2021\n\nFrom 28k my portfolio is worth 11k today', '1cw5gpv'], ['u/cheesomacitis', 16, '2024-05-20 06:22', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4tzv6g/', "No, you're not the only one. I started in 2013 and still haven't made it fully.", '1cw5gpv'], ['u/ah_jer', 11, '2024-05-20 06:24', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u04rn/', 'I had 70% of my holdings in Celsius earn. Lost a bunch also..', '1cw5gpv'], ['u/bambeezzy', 14, '2024-05-20 06:25', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u0896/', 'So you’re telling me short solana... Got it.', '1cw5gpv'], ['u/Tip-Actual', 264, '2024-05-20 06:26', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u0d5e/', 'My philosophy is that to realize profits one must remove the money from the market and put it into an illiquid asset like real estate. This prevents a person from making rash decisions later in the cycle.', '1cw5gpv'], ['u/Zombie4141', 93, '2024-05-20 06:31', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u0vmu/', 'Exactly. 2016er here. Been HODLing Bitcoin ever since, and also kept my job. It’s👏 just 👏that 👏fucking👏easy.👏', '1cw5gpv'], ['u/neitze', 37, '2024-05-20 06:38', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u1kv8/', "My guy, still 'haven't made' it from like 2013. Rugs, Scams. Macro Rugs. You live, you learn. Without some hard lessons it's easy to piss away any semblance of a return.\n\nBut I never got into crypto for the $$. Sure, I still get a funny feeling when number go up big. \n\nUltimately I got into crypto because my govt said I was no longer allowed to play poker online for fiat and my credit cards and bank accounts were no longer accepted. I used income from online poker to pay some expenses in college and it was something I could sit and study for hours instead of dissecting the nuances of some random video game.\n\nI realize this is a first world problem. Admittedly, I struggle to imagine what living with 140% YoY inflation looks like. Struggle imaging the US government authorizing the FED to seize private citizens gold in the midst of the Great Depression. Struggle to imagine a government that acts out of benevolence above self-interest, acts on a concept of fiscal responsibility over expanding budgets and debasing the currency it issues ti the people it taxes.\n\nBecause of this, I just like the code, the cryptography, the cypherpunks, and appreciate the economic conditions that birthed decentralized cryptocurrencies in the first place. I want people to be able to preserve the wealth they accumulate under some predefined borders, especially if they were born there with no say in the matter, despite some central authorities stewards whose best efforts are spent to self enrich off it's citizens.\n\nI'm not here to get rich. I'm here to use a technology that can pave the path of a better tomorrow. That better tomorrow may not translate for everyone but it certainly allows for a more equitable pursuit for the average person. It certainly allows for a more equitable means of exchange than a citizen living under the finger of big govt deciding what big bank donated enough and has enough cronies on their board to get bailed out of insolvency for transacting in bad faith to secure short term profits. \n\nI know a lot of people in this sub don't give a shit about any of this. Appreciate their contributions to the ecosystem regardless. The markets will always appreciate your liquidity, regardless of reciprocation. I also know that if I were to only focus on green candles and direct transfers to improve my quality of life, prolonged episodes of red candles become much harder to rationally manage.\n\nI may not have made it in any sense of the phrase by those that use this sub. But I do have more than enough, which is more than most can ask for.", '1cw5gpv'], ['u/Zombie4141', 11, '2024-05-20 06:42', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u1zfl/', 'Can you explain why? 1 is way to hard for a lot of people.', '1cw5gpv'], ['u/VonnyVonDoom', 11, '2024-05-20 06:56', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u3bjc/', 'This is dumb. You won. Then you got smacked by greed and FOMO. And instead of building a better exit plan and strategy, you’re stuck in the past and still learning how the market works…\xa0', '1cw5gpv'], ['u/UnreasonableCletus', 16, '2024-05-20 07:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u3q9f/', "It took me awhile to figure out but going forward pull profits and put some into traditional investments with a much lower risk profile.\n\nDon't worry about the negative comments no one other than you actually cares about your finances.", '1cw5gpv'], ['u/L10N420', 12, '2024-05-20 07:01', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u3sr0/', 'I’ve a ledger why I should need multiple wallets. On exchanges I never have over 250k at once', '1cw5gpv'], ['u/filthydestinymain', 15, '2024-05-20 07:02', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u3v5g/', 'Hoooooly, OP how did you have 700k 4 years after finishing college', '1cw5gpv'], ['u/intotheEnd', 26, '2024-05-20 07:11', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u4ozx/', "This. TA is useless without a fairly stable market. It's useless in a market that is largely influenced by global macroeconomic and social factors.", '1cw5gpv'], ['u/Mr_Pink_Buscemi', 22, '2024-05-20 07:12', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u4urr/', '“I got into crypto because of the technology” = I lost a lot of money in this and I’m trying to salvage anything.', '1cw5gpv'], ['u/Rabid_Mexican', 10, '2024-05-20 07:21', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u5ojm/', "I used TA to buy a huge stack of BTC at $15,000 and sold some of it at $72,000, if it's working don't tell anyone and keep doing it haha", '1cw5gpv'], ['u/MirrorMax', 12, '2024-05-20 07:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u5sw5/', 'If the only thing you learned is to try and learn TA, i think you are in for more hurt, just passively invest some % in btc/eth/indexfunds. And thank me in 20, years. If you wanna play around with some % in shitcoins be my guess but yoloing big amounts like that is madness and whale play.\n\nYes you hear stories about 1000x but people(most) rarely Brag about their runs to 0. This goes for everything in life.\n\nBeen in crypto since 2011 fwiw, ive seen every shitcoin, IPO, ico, scam you can imagine. Also seen all the influencers, grifters, and con artists try to make money off people like you looking to beat the market. Be it on YouTube or Twitter etc.', '1cw5gpv'], ['u/simmol', 75, '2024-05-20 07:39', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u7c83/', "One problem with taking profits is that crypto has massive volatility near its ATH level, which is different from some of the less riskier assets. For example, S&P 500 doesn't go up as fast as crypto but it always lurks near its ATH level all the time. So you get used to whatever amount that is in your portfolio. However, crypto/BTC is very volatile near its ATH level, which means that you see your portfolio with an insane amount of money one day and then it is down 20% from that value in less than a couple of weeks. Our mind gets anchored to the ATH value so taking profits while down 20% from your ATH level seems like a losing proposition to most of us. That is why we can't sell near the top. Psychologically, our greed just does not allow us to do so.", '1cw5gpv'], ['u/Public_Magician_9352', 20, '2024-05-20 07:40', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u7eb2/', 'I’m here from 2017, still have ptsd from 2018 and 2021 crashes.\n\nI sell every spike', '1cw5gpv'], ['u/Riddletons', 12, '2024-05-20 07:52', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u8hex/', 'Always amazes me how stupid people can be to believe something like 20% annual staking returns is possible without the actual underlying asset price collapsing 😂\n\nNew idiots will be born every day', '1cw5gpv'], ['u/Clownier', 37, '2024-05-20 07:57', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u8y12/', "Spent 10K on my crypto. Sold it this year for 120K.\n\nWon't look back. Moving it into other investments.\n\nSometimes you gotta know when it's your time to get off the bus.", '1cw5gpv'], ['u/Shiratori-3', 33, '2024-05-20 08:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4u96u5/', 'Technical Analysis \n\nOr, Tits & Ass', '1cw5gpv'], ['u/Archtects', 342, '2024-05-20 08:50', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4udd42/', 'Been here since 2016. \n\nTf is anchor', '1cw5gpv'], ['u/parthgarg', 15, '2024-05-20 08:51', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4udgi5/', 'I am from 2017, since then I have never sold or traded anything. I just keep buying and hodling all in paper wallets.\n\nI don’t know if I will ever redeem it, maybe when retired or just pass this to next generation. \n\n60% BTC 30% ETH 10% are ltc, xrp, polygon, iota etc', '1cw5gpv'], ['u/Seanwabha', 11, '2024-05-20 09:12', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4uf59y/', 'What is the death cross saying right now? I’m too stupid to understand astrology for traders', '1cw5gpv'], ['u/RodgerWolf311', 10, '2024-05-20 09:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4ufggc/', ">Sometimes you gotta know when it's your time to get off the bus.\n\nTrue, but also understand that in 10 years time you might be crying in the fetal position if that $10k would have become $100 million or more ..... or perhaps you might be smiling because that $10k would have become $0.", '1cw5gpv'], ['u/Seanwabha', 41, '2024-05-20 09:18', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4ufmxa/', 'You bought Tao at 40$ and still haven’t sold? At one point it was up to $700. This is why I think you still haven’t learned your lesson. Greediness is a hell of a disease.', '1cw5gpv'], ['u/PoloValentino', 68, '2024-05-20 09:23', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4ug2q8/', 'Yep. I haven’t made 700k like OP, and I don’t feel like I have ‘made it’ but I have a mortgage on a house which wouldn’t have been possible without crypto. I’m v happy with that.', '1cw5gpv'], ['u/Run-and-Escape', 385, '2024-05-20 09:35', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4ugy6y/', "I'll make you feel better.\n\nI had 2k Eth which I bought the day Eth was released. \n\nSold it about 6 months before everything went crazy.. Would have been a multimillionaire.\n\nOh well.", '1cw5gpv'], ['u/StaysAwakeAllWeek', 11, '2024-05-20 09:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4uhsrr/', "TA hasn't worked in decades. The HFT algo firms destroyed any trace of a predictable pattern that once existed in markets. Please stop with the TA astrology bullcrap, it will just give you false confidence and you'll lose more money\n\nhttps://www.investopedia.com/terms/t/texas-sharpshooter-fallacy.asp", '1cw5gpv'], ['u/pblokhout', 20, '2024-05-20 09:46', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4uhtpo/', 'Horoscopes for stocks', '1cw5gpv'], ['u/Astr0_LLaMa', 56, '2024-05-20 09:49', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4ui3d0/', "same never heard of it. 100% this guy's fault for keeping 700k in a shitcoin lmao", '1cw5gpv'], ['u/Squeezitgirdle', 31, '2024-05-20 09:55', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4uijdk/', "I'm surprised you missed out on the anchor fiasco. \nI never trusted it, so I lucked out.", '1cw5gpv'], ['u/Hooked__On__Chronics', 15, '2024-05-20 10:13', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4ujvrm/', 'What’s the point? More wallets doesn’t equal safer.', '1cw5gpv'], ['u/nothingbutadam', 125, '2024-05-20 10:34', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4ulgte/', 'anchor was the lending and borrowing platform connected to LUNA, and the failed TerraUSD stablecoin, eg the platform offering 20% yearly returns', '1cw5gpv'], ['u/joannew99', 75, '2024-05-20 10:50', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4umoaj/', 'Easy to say this in retrospect.. LUNA was a top 10 rank Coi and UST was the most trusted stablecoin', '1cw5gpv'], ['u/Archtects', 74, '2024-05-20 11:49', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4ur72r/', 'Ahh yeah I remember that, think I remember reading 19% AR and noped straight outa there', '1cw5gpv'], ['u/StaysAwakeAllWeek', 11, '2024-05-20 11:59', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4urzh2/', "Do you really think you can do TA better than an algorithm built by 100 PhD mathematicians running on a supercomputer? When you trade based on a pattern the effect of those trades is to erase that pattern from the market, and that's exactly what HFT firms exist to do. \n\nYour blind arrogance is showing, please don't let it take your money.", '1cw5gpv'], ['u/FistFang', 12, '2024-05-20 12:40', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4uvfxz/', 'Lol you sound like a gambler which you are. "Double on the next bull run" sounds like someone in a casino who lost all his money trying to use his life saving to hit it big and even out then going homeless. Sorry for being a bit brash but its true trying to help you not ruin your life.', '1cw5gpv'], ['u/seanhagg95', 29, '2024-05-20 12:53', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4uwnoc/', 'Doge and shib were/are in top 10.. allocating 100% of a big portfolio is so stupid. This guy learned nothing and became a gambler instead of an investor.', '1cw5gpv'], ['u/tepmoc', 11, '2024-05-20 13:11', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4uyez0/', 'huh where 200x is coming from? its 17.5x, still good but not 200x lol', '1cw5gpv'], ['u/GeorgeKaplanIsReal', 15, '2024-05-20 13:39', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4v1at9/', 'It’s all gambling to the exception of maybe Bitcoin.', '1cw5gpv'], ['u/hoppydud', 34, '2024-05-20 13:42', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4v1nmi/', "That's Bernie Madoff type shit right there. Hell even his returns were smaller lol", '1cw5gpv'], ['u/--Quartz--', 12, '2024-05-20 13:49', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4v2eim/', "Taking profits should be absolutely independent of ATH. \nATH is pure hindsight, it can't be used as a metric when the market is growing and everyday is a new ATH. \nSet goals with no emotions involved and stick to them. Don't ever buy a coin as an investment without an exit price, both up and down.", '1cw5gpv'], ['u/nocommentacct', 147, '2024-05-20 14:30', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4v79wl/', 'Same. Had 12k. Sold 9k eth for $9 each. Was the first time I ever had 100k in my life', '1cw5gpv'], ['u/wallacehill', 14, '2024-05-20 14:32', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4v7j6e/', 'I actually made a lot of money on Luna but had I held off just a few weeks before selling I would have made life changing money . Bitter sweet for me . In most cases I’ve sold too early or greed caught me . If you’re emotionally attached to it you’re going to make mistakes . \nI’m currently out of the market. I don’t think retail like we seen before will be back for quite some time .', '1cw5gpv'], ['u/nothingbutadam', 14, '2024-05-20 14:47', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4v9f6d/', 'its easy for me to say, but having been in crypto a long time, this is one of the hardest things, theres an infinite amount of "could have, should have" done this or that, and can always then think of all the money it would have made. if you had bought here, sold there, looking back at coins you first found when they were a fraction of what they are now, but in reality it never works like that\n\nagree about retail, see lots talking about an upcoming huge bull run, but none of those people outline where that money is going to come from, especially with the world worse for wear and people around the world having far less money. i guess we wait and see if the average joe is sucked back in again', '1cw5gpv'], ['u/seanhagg95', 14, '2024-05-20 15:24', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4veccr/', 'Theres putting all your money on red & theres counting cards in blacjack.\n\nTheres putting all your money in a shitcoin & theres building a diversifed portfolio, heavy in bitcoin. \n\nAll of the above is speculative, but it is not fair to generalize it as one thing.', '1cw5gpv'], ['u/Clownier', 10, '2024-05-20 16:45', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4vqksg/', "I'll take my chances. Comments like this and the reply to it inspired me to leave crypto.\n\nIt can't go up forever yet everyone tries to force everyone to stay on the bus. \n\nGood luck tho.", '1cw5gpv'], ['u/Robo56', 73, '2024-05-20 18:16', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4w5g3m/', 'It sucks knowing how much you missed, but also 100k is at least decently life changing money for most people 😬 glass half full right?', '1cw5gpv'], ['u/Bright_Ball_1304', 30, '2024-05-20 18:17', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4w5lo7/', 'Honestly take that win my guy, no need to feel sad about that. 100k can be life changing money. U couldn’t have known it would go way higher, u decided to not take the risk and cash in. Good for you.', '1cw5gpv'], ['u/Dr-Hymen-Buster', 65, '2024-05-20 18:36', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4w8tio/', 'I had 32 bitcoins at one point to buy weed on Silk Road ..', '1cw5gpv'], ['u/Hoof_Hearted12', 31, '2024-05-20 19:53', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4wm01e/', 'So true. If I were an early adopter, I would have sold after a double up and laughed straight to the bank. Even if I bought btc at $10, the odds of me holding until 60k are less than 0.', '1cw5gpv'], ['u/MDMistro', 18, '2024-05-20 20:00', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4wn403/', 'I had sold my $800 of medibloc for litecoin 5 days before it did its cute 55x after holding it for three years from 2017💀💀💀', '1cw5gpv'], ['u/Robo56', 15, '2024-05-20 21:40', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4x43d5/', "100k (especially at the time when ETH was $9) could get you an entire house in most of America that isn't coastal elite lol. What are you talking about. \n\nFor a normal person it could pay off all revolving debt and depreciating assets like cars, a down payment on a house, put towards retirement, add to a HYSA. All of this reducing stress and changing your life. Of course it would be amazing to have held and ended up with more, but most people aren't going to hold all the way to a six figure return, let alone everything that happened to this point.", '1cw5gpv'], ['u/Reostat', 11, '2024-05-20 22:30', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4xcd67/', 'In what fucking world do most people easily save 100k a year?', '1cw5gpv'], ['u/juunhoad', 10, '2024-05-20 22:30', 'https://www.reddit.com/r/CryptoCurrency/comments/1cw5gpv/i_lost_650k_from_last_bull_run/l4xcgas/', ">absolutely nothing\n\nYou're a weirdo", '1cw5gpv']]], ['u/AutoModerator', '[Daily Discussion] - Monday, May 20, 2024', 39, '2024-05-20 06:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/', "**Thread topics include, but are not limited to:**\n\n* General discussion related to the day's events\n* Technical analysis, trading ideas & strategies\n* Quick questions that do not warrant a separate post\n\n**Thread guidelines:**\n\n* **Be excellent to each other.**\n* Do not make posts outside of the daily thread for the topics mentioned above.\n\n⚡**Tip Fellow Redditors over the Lightning Network**⚡\n\n* Send sats as tips using lntipbot to show appreciation for good content.\n* [Instructions and more information](https://www.reddit.com/r/lntipbot/wiki/index/).\n\n**Other ways to interact:**\n\n[Get an invite](https://reddit-bitcoinmarkets.slack.com/join/shared_invite/enQtNjM1NTg3ODgwODUzLWRhOGI3MGFlZDVjMzBlYWYwYzIzZWNlOThjZDQ3ZjhlZGU2MDY2ZGY5ZDZjYzY5MzQyYWJiZWE5YzRiNmY0NmM) to live chat on [our Slack group](https://reddit-bitcoinmarkets.slack.com/)", 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/', '1cw6mjj', [['u/anon-187101', 13, '2024-05-20 07:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4u3ocv/', "It's 1am, and I can hear owls and frogs outside my window.", '1cw6mjj'], ['u/_supert_', 35, '2024-05-20 10:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4ulds3/', 'CME planning to launch a spot market, based in Switzerland.\n\nhttps://www.ft.com/content/bfae5894-8fa7-4131-86ce-7f8614065985', '1cw6mjj'], ['u/52576078', 22, '2024-05-20 12:14', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4uta2p/', 'All financial institutions will inevitably become bitcoin exchanges.', '1cw6mjj'], ['u/Opening_Spend3536', 10, '2024-05-20 13:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4v33zj/', 'Market Capitalization \n\nIs anyone else thinking about the future of bitcoin from the perspective of its current market cap relative to other assets?\n\nIts current market cap is 1.3 trillion, which means that slightly more than a doubling in value (2.4x) would lead to it overtaking the #2 spot, Microsoft, at $3.1 trillion, which would leave only GOLD having a larger market cap, at $16.3 trillion.\n\nThis means that a 12.5 fold increase in value from its current position (66k to 825k) would render it to possess the largest market cap of all assets.\n\nDoes anything think it has room to run higher than gold, current market cap of $16.3 trillion? \n\nhttps://companiesmarketcap.com/assets-by-market-cap/', '1cw6mjj'], ['u/Roygbiv856', 20, '2024-05-20 15:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4vcob0/', 'Sonnenshein just resigned', '1cw6mjj'], ['u/_TROLL', 10, '2024-05-20 15:25', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4vejn3/', 'What a relief for him to no longer have to sit on his ass all day collecting extortionate fees. 🙄', '1cw6mjj'], ['u/AverageUnited3237', 36, '2024-05-20 15:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4vgots/', "Shout-out to u/Butter_with_salt who made me look into the difference between BITB and IBIT. I'm now a proud shareholder of BITB with funds in my IRA. better for my ETF investment to actually represent an investment in BTC - and the lower fees ain't bad either.", '1cw6mjj'], ['u/Cultural_Entrance312', 14, '2024-05-20 15:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4vgtrw/', 'The crab has continued between 65.7 and 67.4 on the hourly. BTC‘s RSI is at 53.2 (average 51.8) at time of writing. Nearby resistance are 67.4, 69, 70.2, 71.4, 72.8 and 73.8 (current ATH). The nearest supports are 66.7, 65.7, 64.5, 63, 61.7, 61.3, 60.5, 59, 57.5, 56.7, 55.7 and 54.5. I have added the 50d and 100d SMA since I believe they will start having more influence on future prices supports once we break out to new ATHs.\n\nThe daily is more interesting. The RSI is 57.7 and its average is currently at 50.5. I believe a falling wedge had formed. Others have noted a downward channel. BTC has broken out and closed above both. BTC pulled back close to the .382 FIB Thursday and touched the 50d SMA. It was a nice orderly retrace and test. Same resistances/supports as I mention in the hourly. The 50 and 100 day SMA are starting to act as support (64814/63437). Target for this reverse H&S would be about 75k.\n\nBTC closed green for the week. BTC has been overbought for most of the time since October 2023 and its average RSI has been mostly overbought since the start of the year. It has cooled but is starting to rise again, it is currently 68.2 (76.1 average). A fat flag formation has formed, and we are in the middle-upper portion of it. If this is a continuation pattern and is the midpoint, the target would be about 106.7k. Main resistances were noted above.\n\nBitcoin closed April out in the red with it’s monthly RSI at 66.2. The only time we had 2 monthly red candles in a row, after halving and before cycle ATH, was in 2012. So, if history repeats/rhymes, May could be a red month but it is currently green and will most likely stay that way. Current RSI 68.9\n\nGood luck to all traders and DCAers.\n\n1-hour: [https://www.tradingview.com/x/Q68u2dVi/](https://www.tradingview.com/x/Q68u2dVi/)\n\nDaily: [https://www.tradingview.com/x/76vSftaf/](https://www.tradingview.com/x/76vSftaf/)\n\nWeekly: [https://www.tradingview.com/x/3xerahNj/](https://www.tradingview.com/x/3xerahNj/)\n\nMonthly: [https://www.tradingview.com/x/Ff3T8SLN/](https://www.tradingview.com/x/Ff3T8SLN/)', '1cw6mjj'], ['u/hoosier2434', 11, '2024-05-20 15:44', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4vh6sx/', 'Does anyone think it has room to run higher than gold?\xa0\n\nOf course it does, and it will. When will it? That is the question. I don’t think it happens this bull run.\xa0', '1cw6mjj'], ['u/dopeboyrico', 10, '2024-05-20 16:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4vouhh/', 'Median home price in America is $393.5k. Vast majority of global wealth is allocated into real estate with global market cap of real estate estimated to be north of $300 trillion. When BTC reaches and exceeds parity with median home price, it’s going to be a major paradigm shift. Even at a price of $500k, BTC will only have a market cap of $10 trillion which means it will still be able to grow much quicker real estate from that point going forward.\n\n“A Single BTC Now Costs More Than A Typical Home” is going to be a headline you see EVERYWHERE. BTC has already served as a superior store of value relative to real estate for 15 years now but BTC reaching and exceeding parity with median home price is going to make it clear to the masses that BTC is a superior store of value in nominal terms that are easier to digest.', '1cw6mjj'], ['u/AverageUnited3237', 18, '2024-05-20 16:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4vsp87/', '1) lower fees\n\n2) 10% of profits are invested into open source BTC development - https://bitwiseinvestments.com/newsroom/bitwise-to-donate-10-percent-of-profits-of-bitb', '1cw6mjj'], ['u/AverageUnited3237', 16, '2024-05-20 17:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4vyscm/', "Yea man you're preaching to the choir, but spot BTC isn't available in my IRA. Spot ETFs are the next best thing. \n\nAlso, it is in the best interest of the ETF issuers for the price to go up as they will collect more fees. If it goes to zero, they make no money.\n\nAnd ETFs, unlike exchanges, are legally required to have the underlying asset backing their AUM. In that sense, it is actually less of an IOU than holding coins on a CEX. But anyway, I keep over 80% of my stack in cold storage. I am a holder of the ETF because it's available in my IRA L.", '1cw6mjj'], ['u/Had_Boating_Accident', 18, '2024-05-20 17:45', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4w078y/', 'New York AG announces $2 billion settlement with crypto lender Genesis\n\n\nhttps://www.cnbc.com/2024/05/20/new-york-ag-announces-2-billion-settlement-with-crypto-lender-genesis.html', '1cw6mjj'], ['u/gozunker', 53, '2024-05-20 17:55', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4w1wnw/', 'Just a reminder that Wednesday is Bitcoin Pizza Day, commemorating the first time that Bitcoin was used in a real-world monetary transaction. On May 22, 2010 Laszlo Hanyecz purchased 2 large pizzas for 10,000 Bitcoins. \n\nAnd before you say “wow that’s a ton of Bitcoin for just 2 pizzas”, remember that it is unknown whether they included extra cheese, or how many toppings, or possibly even bacon. \n\nAt our house we will be having pizza for dinner on Wednesday.\n\nhttps://www.techopedia.com/definition/bitcoin-pizza-day\n\nAs an aside, I’m deeming “Inverse Bitcoin Pizza Day” a new holiday. It’s when the day comes that 2 Bitcoin can buy 10,000 pizzas. I’m using the average US nationwide price for pizza to track this. Currently that price is around $17.85 per pie, which means the Bitcoin price would need to be about $90k to kick off the celebration. Stay tuned.', '1cw6mjj'], ['u/John_Crypto_Rambo', 13, '2024-05-20 18:06', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4w3qju/', 'Nice, broke free.\n\nhttps://www.tradingview.com/x/MLGgXnJz/\n\nNext stop, the previous cycle ATH.', '1cw6mjj'], ['u/WYLFriesWthat', 17, '2024-05-20 18:09', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4w4a90/', 'Hump, slump, bump; dump, pump PUMP', '1cw6mjj'], ['u/snek-jazz', 10, '2024-05-20 18:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4w4flk/', 'Cloudnrain about to appointed his successor', '1cw6mjj'], ['u/Butter_with_Salt', 11, '2024-05-20 18:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4w4x94/', 'hell yeah brother', '1cw6mjj'], ['u/tempTrad2', 15, '2024-05-20 18:30', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4w7sl7/', 'expecting a quick move to 70k, brief pullback (anything from several days to 3 weeks), then a strong move past our new ATH\n\nBitcoin likes so surprise though, and this would be the obvious move, maybe too obvious, so let’s see.', '1cw6mjj'], ['u/dopeboyrico', 22, '2024-05-20 18:40', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4w9j29/', 'Lower high of $67.9k broken.\n\nRemaining lower highs acting as areas of resistance are at $71.2k, $71.7k, $72.7k, and then ATH at $73.7k.\n\nSince there’s heavy resistance ahead from the $71.2k-$73.7k range and then no real established resistance after that, I’m thinking so long as new ATH is reached early enough before daily close (at least a couple hours before) then that’s probably also going to be the same day we experience our first single day $10k God candle.\n\nIs today the day? Need to close above $76.2k to make it happen. We’ll see.', '1cw6mjj'], ['u/Mbardzzz', 20, '2024-05-20 18:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4w9q1d/', 'Take your bets, does 69 act as resistance as per usual or do we go right through it this time ?', '1cw6mjj'], ['u/I_Dont_Type', 11, '2024-05-20 18:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4w9tu2/', 'I’ve a bad feeling we might have weeks to months of consolidation before breaking the ATH significantly, hopefully wrong though', '1cw6mjj'], ['u/AverageUnited3237', 19, '2024-05-20 18:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wbsy4/', "I think we've had our weeks/months of consolidation - the ATH was over 60 days ago. ETF inflows appear to be back, and all stonk market indices are at ATH. BTC is going to 75k sooner rather than later imo, we aren't going to have additional months of chop. \n\nMy 2 says FWIW", '1cw6mjj'], ['u/d1ez3', 18, '2024-05-20 19:01', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wd52f/', 'You can only 69 so many times before you need to compete the journey', '1cw6mjj'], ['u/nationshelf', 15, '2024-05-20 19:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wfhnq/', "The last big leg up on the weekly got us from roughly 30k to 42k (1.4x increase) and 42k to 65k (1.5x increase). So extrapolating from that, a 1.45x increase from let’s say 65k, takes it to 94k, likely with a pitstop in the 80k's.", '1cw6mjj'], ['u/Shibenaut', 19, '2024-05-20 19:20', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wg96m/', "BTC's going to oscillate a lot on the way to $100k.\n\nLikely going to hit a psychological resistance at $90k by election, dump to $70k due to profit taking, then creep back up to $100k for a retest sometime after elections.\n\nSource: my ass", '1cw6mjj'], ['u/noeeel', 24, '2024-05-20 19:21', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wgh5r/', 'Nice to See 68k again.', '1cw6mjj'], ['u/AverageUnited3237', 12, '2024-05-20 19:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wglja/', 'I\'m comfortable buying here because imo, a new ATH is inevitable. Whether it happens in "this move" or whatever, I don\'t really care, I can be patient. I think we both know this is going much higher and that the 60ks will look cheap in a few years. That\'s really why I ask the question.', '1cw6mjj'], ['u/diydude2', 12, '2024-05-20 19:23', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wgw76/', "As good a source as any when it comes to future predictions.\n\nMy ass says something similar if it's any consolation.", '1cw6mjj'], ['u/navierb', 14, '2024-05-20 19:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4whx82/', 'Pump it!', '1cw6mjj'], ['u/dirodvstw', 29, '2024-05-20 19:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wjgfq/', 'I was here. Look at me future son, your dad was here for you, for us. We are making history, slowly but steady!', '1cw6mjj'], ['u/Whole-Emergency9251', 10, '2024-05-20 19:39', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wjmgg/', 'Broke last cycle ATH again… very important resistance. Very likely we test ATH very soon.', '1cw6mjj'], ['u/spinbarkit', 20, '2024-05-20 20:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wn3wh/', "~ $5k to break new ATH\n\nhistory in the making, good times. \n\nI'm not selling though", '1cw6mjj'], ['u/Whole-Emergency9251', 18, '2024-05-20 20:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wsjs3/', 'Gold hit ATH today, $2450 per oz. BTC to follow.', '1cw6mjj'], ['u/nationshelf', 24, '2024-05-20 20:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wsrpp/', 'It doesn’t matter. Bitcoin itself is a savings technology that can be used at any amount down to the satoshi (and possibly smaller, if ever needed). The unit is basically arbitrary.\n\nThis narrative needs to stop because it discourages people from using Bitcoin as it was intended.', '1cw6mjj'], ['u/xtal_00', 11, '2024-05-20 20:46', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wuvx2/', 'You can still get 1000 Satoshi for a buck.\xa0', '1cw6mjj'], ['u/adepti', 11, '2024-05-20 21:12', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4wzcj6/', 'My, oh my. The disbelief in the air. In all my years of trading, BTC still never fails to surprise. I think many have been conditioned not to trust these pumps, because each and every one has been reversing and fully retraced the last month or 2.\n\nIf this one actually works and holds, it could get to ATH fairly quickly and leave alot of people sidelined and devastated I think.', '1cw6mjj'], ['u/kinghajj', 11, '2024-05-20 21:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x2iw8/', '$70k might be breach within the hour at this rate.', '1cw6mjj'], ['u/AverageUnited3237', 13, '2024-05-20 21:31', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x2kg7/', "Eth ETF approval just jumped up to 75% odds, and ETHBTC hourly candle is huge. I'm thinking of maybe swing trading for some ETHE, the discount is still large. Thoughts?", '1cw6mjj'], ['u/WYLFriesWthat', 19, '2024-05-20 21:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x2tx5/', 'This is the part where all the “insiders” realize the other “insiders” aren’t “playing ball” anymore.', '1cw6mjj'], ['u/Butter_with_Salt', 13, '2024-05-20 21:33', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x2xmw/', 'This thing is rippin', '1cw6mjj'], ['u/bphase', 15, '2024-05-20 21:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x2y0u/', 'Could this finally be the day?', '1cw6mjj'], ['u/1Lost_King1', 12, '2024-05-20 21:34', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x32s6/', 'We back boys, new ATH in day’s or hours.', '1cw6mjj'], ['u/PatientKosong', 13, '2024-05-20 21:35', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x348j/', 'Don’t anyone mutter that forsaken phrase if this is that day. Just…don’t.', '1cw6mjj'], ['u/srpoke', 21, '2024-05-20 21:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x3ga5/', '70k', '1cw6mjj'], ['u/EricFromOuterSpace', 17, '2024-05-20 21:37', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x3kqr/', 'lmao. \n\nlove u guys.', '1cw6mjj'], ['u/MadeThisJustForLWIAY', 10, '2024-05-20 21:38', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x3mts/', 'Ric flair woooooo-ing my way to candle town', '1cw6mjj'], ['u/BitSecret', 16, '2024-05-20 21:47', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x57y7/', "We just hit $70K! Maybe my [flying dream](https://www.reddit.com/r/BitcoinMarkets/s/8N5nTuZE1Y) did mean something. I know I said last week but the dream was only 5 days ago so I'm going to give myself a gold star. \n\nI'll keep my log of flying dreams posted here in the future for my amigos. Who knows how valuable they could become.\n\n(This is all fun and games. I'm not a quack. Unless I get it right twice and then I'll start a paid membership for $2000/yr) :)", '1cw6mjj'], ['u/EDWARD_SN0WDEN', 12, '2024-05-20 21:49', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x5j67/', 'Looks like the ETFs are gonna have huge inflows', '1cw6mjj'], ['u/DrunkBTC', 12, '2024-05-20 21:53', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x646m/', 'Imagine my surprise when this time is different hodling gentlemen and we never go below 69k again.', '1cw6mjj'], ['u/cryptocraze_0', 12, '2024-05-20 21:54', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x6fb9/', 'We are so back', '1cw6mjj'], ['u/xixi2', 10, '2024-05-20 21:59', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x778p/', 'You ruined it for sure.', '1cw6mjj'], ['u/BuiltToSpinback', 11, '2024-05-20 22:00', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x7dyd/', 'The bulls are back in town', '1cw6mjj'], ['u/puck2', 19, '2024-05-20 22:10', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x9405/', 'The funny thing to me is how mundane 70k looks/seems now. The psychology of Bitcoin prices (or is it any closely watched prices?) is fascinating.', '1cw6mjj'], ['u/baselse', 14, '2024-05-20 22:11', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x96zz/', "If this rise of btc is because of the eth etf rumors, I don't get it.\nYou'd expect an eth etf to be bearish for btc, because some part of the same investors will then go to eth in stead of btc.", '1cw6mjj'], ['u/snek-jazz', 14, '2024-05-20 22:13', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x9n0l/', '$6xk bitcoin got normalised', '1cw6mjj'], ['u/r3coil', 21, '2024-05-20 22:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x9udu/', "It's a good day for Bitcoin, and therefore, the world.", '1cw6mjj'], ['u/delgrey', 15, '2024-05-20 22:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4x9yf6/', 'Its most likely a change due to the US White House reaction to that crypto senate vote. The bent the knee.\n\nThat affects all crypto.', '1cw6mjj'], ['u/AccidentalArbitrage', 17, '2024-05-20 22:16', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xa1ad/', 'Expecting GBTC inflows again today based on the last several minutes of trading before 4PM.', '1cw6mjj'], ['u/Melow-Drama', 24, '2024-05-20 22:22', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xb566/', 'The industry we\'re a part of is still called "crypto" - any hope for additional "legitimacy" (such as ETH ETF approvals) should be welcomed and be price-positive for BTC. Also, ETH is no competition for BTC for a number of reasons. \n\nIn other words, if - against all odds (Bloomberg guys: 25%) - ETH ETFs get approval, it will only help us propell to new ATHs faster (especially as the expectation that should be priced in is a rejection).\n\nThere may be cases of some capital getting diversified into ETH but pretty certain it wouldn\'t show in big outflows of BTC ETFs or the like.\n\nOn a personal final note, I\'d struggle to grasp how something that had an ICO once is no longer a security so I\'m still expecting rejections and a short correction spill over to BTC.', '1cw6mjj'], ['u/Defacticool', 18, '2024-05-20 22:26', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xbtd9/', "The bloomberg ETF guys just increased the odds to 75% \n\nI am not kidding, it's not a joke. Check balcunas Twitter", '1cw6mjj'], ['u/Melow-Drama', 10, '2024-05-20 22:28', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xc19y/', 'I just did, was misinformed at first and edited right away! Oh boy, we in for some positive spill-over then!', '1cw6mjj'], ['u/Cultural_Entrance312', 15, '2024-05-20 22:32', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xcoxf/', 'If BTC can break 71.3k then that would break through the top resistance of the bull flag on the weekly. AKA u/dopeboyrico cup and handle.', '1cw6mjj'], ['u/AverageUnited3237', 11, '2024-05-20 22:36', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xdbhc/', 'ETH and BTC are competitors in the sense that they are competing for investment dollars, imo.', '1cw6mjj'], ['u/twitterisawesome', 16, '2024-05-20 22:41', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xe9y1/', '"A rising tide lifts all boats"', '1cw6mjj'], ['u/snek-jazz', 12, '2024-05-20 22:42', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xeblh/', "I'd say some MSTR shorts might be having a sleepless night", '1cw6mjj'], ['u/delgrey', 13, '2024-05-20 22:57', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xgwub/', '(US FDIC Chair stepping down. Down with Operation Choke Point!)[https://x.com/zerohedge/status/1792659983370523096]\n\nSo Gensler is next?', '1cw6mjj'], ['u/AccidentalArbitrage', 17, '2024-05-20 23:15', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xjswj/', 'This almost certainly has nothing to do with the FDIC\'s work in the banking sector, Operation Choke Point 2.0, etc, but rather: \n\n"a scathing 234-page report released earlier this month that detailed pervasive sexual harassment, discrimination and bullying at the agency"', '1cw6mjj'], ['u/clarkdoubleyou', 14, '2024-05-20 23:29', 'https://www.reddit.com/r/BitcoinMarkets/comments/1cw6mjj/daily_discussion_monday_may_20_2024/l4xm2g9/', "Ok, it's getting interesting again!", '1cw6mjj']]], ['u/spiceylizard', 'I audited the btc blockchain', 68, '2024-05-20 06:45', 'https://www.reddit.com/r/Bitcoin/comments/1cw7d6t/i_audited_the_btc_blockchain/', 'I ran bitcoin-cli gettxoutsetinfo and got the following output.\n\nMy question is what’s with the smaller than 1 bitcoin change?\nIf all the rewards have been numbers larger than 0.001 (currently at 3.125) how is there so much change?', 'https://i.redd.it/qyq6c4m8hi1d1.jpeg', '1cw7d6t', [['u/brando2131', 21, '2024-05-20 07:51', 'https://www.reddit.com/r/Bitcoin/comments/1cw7d6t/i_audited_the_btc_blockchain/l4u8emy/', "From what I think you're trying to ask, how can the total amount of Bitcoin have fractional amounts down to 8 decimal places.\n\nTwo reasons:\n\n- Bitcoin can be destroyed by making a transaction that isn't spendable, so there may be ways of those Bitcoin (and fractional amounts) not included in the total_amount.\n\n- the block reward doesn't force miners to take 6.25 or 3.125 Bitcoin. A miner can create a block rewarding themselves currently with any amount between **0 and 3.125 Bitcoin** and it is still deemed as a valid block, but this almost never happens, but has happened at least a number of times in history.", '1cw7d6t'], ['u/berepere', 11, '2024-05-20 16:14', 'https://www.reddit.com/r/Bitcoin/comments/1cw7d6t/i_audited_the_btc_blockchain/l4vlq56/', 'at least once in the past, the miner of a block "forgot" to include the tx fees in the block into his reward, effectively destroying those coins. Also, sometime before the first halving 1 satoshi was destroyed by a miner who claimed a 49.9999999 instead of 50. \n\nThese incidents are the reason for the total number of bitcoins being what you see. \n\nThe "non-spendable" coins others are talking about are not the reason, as they cannot be distinguished from spendable by this software.', '1cw7d6t']]], ['u/SharkEva', '[New Update] - My son filed harassment charges against me and my husband because we were making him go to college', 1593, '2024-05-20 07:02', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/', '**I am not the OOP. The OOP is** u/MentalPlatypus5193 **posting in** r/amiwrong\n\n**Concluded as per OOP**\n\n**1 update - Medium**\n\n**Thanks to** u/colorsofautomn **for finding this BORU**\n\n[**Original**](https://new.reddit.com/r/amiwrong/comments/1cfengh/my_son_19m_filed_harrassment_charges_against_me/) **- 28th April 2024**\n\n[**Update1**](https://new.reddit.com/r/amiwrong/comments/1coyd5g/update_my_son_19m_filed_harrassment_charges/) **- 10th May 2024**\n\n​\n\n**1 New Update**\n\n[**Update2**](https://new.reddit.com/r/amiwrong/comments/1cv0oh2/update_2_my_son_19m_filed_harrassment_charges/) \\- **- 18th May 2024**\n\n​\n\n**My son \\[19M\\] filed harassment charges against me and my husband because we were making him go to college**\n\n​\n\nMe and my son moved to US last year. I was a single mom for 16 yrs before I met and then married my husband. I saved up money so he can go to college. Where I came from, college is very important. We moved to a small town and my son found new friends. These friends in my opinion were not a good influence. I am used to polite and academically oriented kids back home. These new friends of his make fun of his books and his plans of going to college.\n\nBefore his HS graduation, me and my husband took him to several unis in the state so he could get a feel for which one he would like to go to. Then after he graduated from HS, I told him I have about $20k saved up for college. He said it is not going to fit because tuition is pretty expensive nowadays. I suggested he can just go to a community college 20 mins away and live at home to save money. He agreed and I gave him access to the fund (joint account).\n\nLong story short, he did not enroll himself and instead started partying a lot and used the money on expensive dates with his gf. He moved out and stopped talking to me. I worked hard to save that up for more than a decade and I am upset that he wasted it in less than a year. Me and my husband went to his place and asked that he pay me back since it is specifically for college and not "fun money".\n\nHe called the police and filed harassment charges. I told the police to review the cctv footage because the whole time I was talking to him through his ring cam, I was calm and reasonable and my husband was just standing behind me not saying anything. I was outside the door talking, he never even opened the door to talk to me face to face. The police said there\'s nothing he can do if my son and his gf felt "harassed", he can file a restraining order if he wants to.\n\nBack home, this is unforgivable to treat your parent like this. But here in US, I was treated almost like a criminal. My sister in law said it is my fault for confronting him and that the money is his to spend since I made him a joint account owner. Am I wrong?\n\nEdit: People cursing me because I said something about wanting to throw my chancla on my son\'s face, to be clear I have never laid my hands or my flip flops on him ever. But after what he did, my intrusive thoughts wants me to throw it but of course I won\'t. If he called the cops on me just because I want to talk to him, what more if I threw my flip flops on his face??\n\nHis relationship with me before moving to US was fine. He knew my struggle as a single mom and he always try to help me around the house. I was not strict at all he was free to go out with friends anytime. He was even thrilled to have a father figure and my husband always try to make him feel included in everything.\n\n​\n\n**Comments**\n\n​\n\n**ManufacturerAny835**\n\n*Lesson learned never give someone access to money unless you’re ok with them running away with it*\n\n>OOP: He was a good boy before moving here. I thought he knew my struggles and how much I sacrificed to save money. I just thought he would never betray me like this.\n\n​\n\n**dingdongsbtchs**\n\n*Honestly I think a lot of parents don’t realize the depth of their children and forget that just because you think of them as one way doesn’t mean they don’t have other layers that can make them a different person. Sadly your son has found some less than savory friends to surround himself with and now he has to live with the decision he made. I honestly wouldn’t offer help for university again and would leave communication up to him. Also has there been any questions or discussion of potential drug use??*\n\n​\n\n**2workigo**\n\n*The money is gone. And since he was a joint account holder and a legal adult, there’s nothing to be done except refuse to help him financially anymore. Let him figure it out on his own from now on. The friends he had will likely drift away now that he no longer has a fat bank account to fund their party lifestyle.*\n\n​\n\n**Treacle\\_Moon**\n\n*Her biggest fault is waiting till it was all gone to do something about it. She had joint access. She could have stepped in long before now and tried to deal with it. Too little too late unfortunately.*\n\n​\n\n**Update - 12 days later**\n\n​\n\nI still have not heard from my son and I don\'t expect him to reach out. But his gf\'s mother has called me asking if my house is still open to him. I asked her why, it turns out he hasn\'t paid his share of the last month\'s rent and his gf had to pay it for him.\n\nI said it is not my problem and he is not welcome anymore in my house since he is an adult. The gf\'s mom said "what kind of mother would not extend help to his teenage son?". She further insulted me and said now she knows why he left me.\n\nAt this point I really don\'t care anymore. I tried to help him get a good start in life but he wasted it. Aside from the $20k, he lived rent free in the house, free food, free phone, car, gas money, and I pay all the utility bills and his health insurance. All I asked is that he focus on his studies. Finish at least an associate\'s degree so he can get a decent job and be fully independent from me asap.\n\nFor some who asked why college is so important to me, as an immigrant, we are held under certain standards. We have to prove to USCIS that we will not become a public charge -- meaning we won\'t rely on any government aid. I want him to be able to be a good immigrant and become productive. I don\'t even know if he can become a citizen if he makes below poverty income. I was just trying to make sure he gets to live a good life.\n\nSome of you asked if he even wanted go to to college. Back when we were in our home country, he begged me to pls send him to college no matter what.\n\nP.S. The harassment charge was closed for lack of evidence of harassment, a lot of what he said were lies.\n\nEdit: Another thing that gave me chills was when he moved out it was the middle of the night and me and my husband were both asleep. My son left the front door hanging open (I saw it in the camera). We live in a small town but there\'s a lot of crime in our area, someone could have gone in and done something bad.\n\n​\n\n**Comments**\n\n​\n\n**bluedreamer62**\n\n*Some people just have to learn the hard way, his gf probably had a good time with him spending his college fund now 5hat it’s gone the fun is over. So comes the reality.*\n\n​\n\n**PoliteCanadian2**\n\n*So you’re saying this is the Find Out stage that follows the Fuck Around stage?*\n\n​\n\n**Sharp\\_Mathematician6**\n\n*Yep*\n\n​\n\n**SnooWords4839**\n\n*His GF\'s mom has no right to bitch you out. Your son left, spend his college fund and now has to figure out how to adult. You do not owe him anything at this point.*\n\n​\n\n**ladyalcove**\n\n*She\'s just calling her out because she\'s realizing that now she has to take care of this bum.*\n\n​\n\n**butterfly-garden**\n\n*Yup. She, too, is in the Find Out stage.*\n\n​\n\n**\\*\\* New Update\\*\\***\n\n​\n\n​\n\n**Update 2 - 8 days later**\n\n​\n\nHis girlfriend\'s mom called me again today and basically handed the phone to my son to "sort it out between us". I let him just talk and tell me what is on his mind. Here\'s a summary of his point of view:\n\n* He felt like I deprived him of a lot of things growing up. I couldn\'t buy him an Xbox/playstation, iphone, or anything a teenager wants when we were in our home country. I can\'t afford it. Back then I was making $1k a month and saving 20% of it for his college fund and whatever was left was for us to live on. I was helping my parents too with some groceries so money was really really tight. When I look back now, I don\'t know how I made it all fit.\n* He felt so small because his clothes were hand me downs from cousins or just cheap clothes I bought from tianguis.\n* He said I was not supportive unlike his friend\'s parents. Some of his friends have wealthy parents who bought their sons a house and never had to go to college or think about their future because they will inherit the family farm anyway. I have no generational wealth to be that supportive. I wish I have.\n* He said I have so much house rules. Yes I do. I want him to wash his plates after eating (I used to do it for him), clean his room and keep it tidy, make sure the windows are tightly shut in winter, keep the thermostat at 68 during winter to save electricity, come home at 11pm or else the house will be double locked from the inside for my safety (because my husband drives a truck and not home at night most the time). I also told him before that since he has a part time job, he can\'t use my credit card for anything but emergency anymore, but he still used it sometimes anyway (card\'s been frozen since he moved out).\n* I asked him why file charges when I only wanted some explanation from him. He said he don\'t want to inconvenience his gf and filing charges is the easiest way to get me to stop trying to talk to him.\n\nSo basically he felt deprived as a kid and that he thinks he was just healing his inner child when he spent the money. He said his friends told him I owe that to him for bringing him to this world. He thinks that I should not have a child if I can\'t afford these things.\n\nI asked him why he left the door open that night. He went silent for a few seconds then said "I just thought that if the house get robbed, I could just say I cashed the money from the bank and the robbers must have found it". Unbelievable.\n\nAt this point I was so emotional and I was a crying mess. I told him I am deeply sorry that I was his mom and that he had to grow up feeling deprived because I was poor. Then he said "Oh stop with your guilt tripping, you are saying that to make me feel bad.\n\nOh and he also said he hates it when [I do this](https://youtu.be/OH-E0GW5Mxw?si=78JGt6vhnKycwFlc). I don\'t yell like that lady but I pretty much bug him to get up and help me set the table. I never get a response so I had to raise my voice higher. He said I was so rude. But he grew up with this. This is me being me. All moms back home do this. Al of a sudden he is comparing me to his mom\'s friends. In our culture we want food to be eaten while it is fresh from the stove. I spent 1 hr cooking after a long day at work, the least you can do is help me set the table and eat my food while it\'s nice and warm.\n\nI hung up. My heart is broken in so much pieces. Am I wrong?\n\n​\n\n**Comments**\n\n​\n\n**Whitewitchie**\n\n*He has a chip on both shoulders. Leave him be. It\'s despicable he left the door open so you were vulnerable to burglars. Absolutely no consideration for your safety at all.*\n\n​\n\n**Mtndrums**\n\n*Dude\'s a spoiled brat, and an idiot to not see his "friends" were using him. You need to cut him off and let him figure things out.*\n\n**dublos**\n\n*Not spoiled. Mom could not spoil him.*\n\n*Entitled.*\n\n*This child believes he\'s entitled to the same things his friends grew up with, even though his parents provided the best they could provide.*\n\nu/MentalPlatypus5193 *your son has made his bed. Let him sleep in it.*\n\n​\n\n**I am not the OOP. Please do not harass the OOP.** **Please remember the No Brigading Rule and to be civil in the comments**', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/', '1cw7mo9', [['u/notlilie', 308, '2024-05-20 07:08', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u4i0z/', "I'm sorry but he seems really spoiled. That attitude was really infuriating to be honest.", '1cw7mo9'], ['u/Geodewitch21', 1288, '2024-05-20 07:11', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u4pw5/', 'All I can say is WOW. \nHe’s going to dig himself a major hole and I hope OP lets him figure it out on his own.. \nwhat an entitled little turd.', '1cw7mo9'], ['u/throwawaygremlins', 280, '2024-05-20 07:14', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u4yzl/', 'He wasn’t even spoiled! 😐 and 🙄 at him… he felt ENTITLED to be spoiled, wtf… \n\nReality does not match…', '1cw7mo9'], ['u/Dapper_Cucumber_7514', 354, '2024-05-20 07:14', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u4zo7/', "Well, After reading this post i gonna hug my mom \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nDon't be ungrateful like this guy ppl", '1cw7mo9'], ['u/throwawaygremlins', 309, '2024-05-20 07:17', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u59gy/', 'No clue why an immigrant teen who was raised by a hard working single mom thought I SHOULD HAVE HAD ALL THE THINGS! \n\nYou were living w your grandparents for a reason, bro.\n\nGuess he listened to outside influences.\n\nFeel sorry for OOP. I hope she has a nice calm life here in the US w hubby. I hope she doesn’t help him when/if idiot son comes crawling back.', '1cw7mo9'], ['u/FriesWithShakeBooty', 260, '2024-05-20 07:17', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u5c6n/', 'I\'m sure OOP wouldn\'t, but if her son came crawling back or complained, it would be funny to say, "But I supported our family of three and your grandparents on less than what you earn! Why aren\'t you spoiling yourself!"', '1cw7mo9'], ['u/AquaticStoner1996', 109, '2024-05-20 07:22', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u5q3g/', 'That update just made me so ANGRY. Jesus. What a shit son.', '1cw7mo9'], ['u/ashatteredteacup', 89, '2024-05-20 07:24', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u5xtm/', 'Ikr. I have married and moved out and I still tell my mum I miss her. I am grateful for her being strict. So sorry for OOP for having a shitty kid despite doing her best.', '1cw7mo9'], ['u/NotManicAndNotPixie', 126, '2024-05-20 07:25', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u62em/', 'Absolutely. He was listening to his new friends, who are now spending time ranting in "raised by narcissists" subforum bitching about sharing the room with siblings is child abuse and doing chores is parentification.', '1cw7mo9'], ['u/Intelligent-Ad-4568', 182, '2024-05-20 07:28', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u6cdz/', "She just needs to stop trying with him. His life was hard because he didn't have an XBox and he had to do basic chores around the house, like laundry, setting the table, cleaning his room, oh no call CPS./s How dare you expect someone to eat food, that you made while its hot!?!! A monster. /s \n\nHe wants to see what a hard life is, okay, let him see it. He can go work and get a job, and figure out how easy life is. \n\nHe wanted your to be robbed so he didn't have to take responsibility, and didn't care if you got murdered, and r@ped in the process. \n\nIts time to walk away. Stop apologising to him, stop trying to placate him. Just stop. \n\nHe hates you, his friends parents are more supportive, great go ask them for help. See how far that gets him. His gf parents are awesome and so great, yeah lets see how they feel in an another month when they have to subsidize his life. \n\nIn two months, his friends and gf and their entire family, will be blocking him and calling him a bum and telling him to get a job and leave them alone. Then he will see how hard life really is.", '1cw7mo9'], ['u/Talisa87', 47, '2024-05-20 07:36', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u6zp8/', 'OOP should drop the rope. Her ungrateful son wants to FAFO, let him FAFO. And keep her door latched firmly shut if he comes crawling back once his fairweather friends ditch after the money has finished.', '1cw7mo9'], ['u/Ok-Economist129', 99, '2024-05-20 07:36', 'https://www.reddit.com/r/BORUpdates/comments/1cw7mo9/new_update_my_son_filed_harassment_charges/l4u70e2/', "\\*He said I have so much house rules. Yes I do. I want him to wash his plates after eating (I used to do it for him), clean his room and keep it tidy, make sure the windows are tightly shut in winter, keep the thermostat at 68 during winter to save electricity, come home at 11pm or else the house will be double locked from the inside for my safety (because my husband drives a truck and not home at night most the time). I also told him before that since he has a part time job, he can't use my credit card for anything but emergency anymore, but he still used it sometimes anyway (card's been frozen since he moved out)\\*\n\nYou're telling me that OP made him do the minimum things that a teenager should do at home... how horrible (sarcasm) his son sound like a whinny A-hole, let's hope he doesn't run back to mommy when he notice he has to work in life to survive", '1cw7mo9'], ['u/Kiiimbosliceee01', 24, '2024-05-20 07:58', 'https://www.reddit.com/r/BORUpdates/commen...
[Contextual Past Article (random from prior 60d)]
Stocks rallied into the close to end the last trading day of the month, capping a fruitful first quarter of 2024 with a fresh record high for the S&P 500.
The S&P 500 (^GSPC) and the blue-chip Dow Jones Industrial Average (^DJI) rose more than 0.1% on Thursday. Meanwhile, the tech-heavy Nasdaq Composite (^IXIC) slipped about 0.1% on the day. Zooming out, though, all three major averages have now risen for five straight months.
With markets closed for the Good Friday holiday, Thursday marks the final trading session of the quarter. It's been a banner one for Wall Street: The S&P 500's more than 10% return to start the year marks its best first quarter performance since 2019.
What largely started as a megacap-driven rally hasshown signs of broadening. Wall Street firms almost can't keep pace with the S&P's surge andhave continued to move up their year-end price targets. And historysuggests the momentum could continue.
A final reading on fourth quarter GDP released on Thursday morning showed the US economy grew at a rate of 3.4% versus a prior estimate of 3.2%. On the employment front, initial jobless claims for last week came in at 210,000, versus estimates for 212,000.
Though Wall Street is closed Friday, investors will be watching for the main data event of the week: the Personal Consumption Expenditures (PCE) price index, which contains the Federal Reserve's preferred "core" PCE inflation measure.
• Thu, March 28, 2024 at 8:03 PM UTCJosh SchaferS&P 500 has best first quarter since 2019With markets closed for the Good Friday holiday, Thursday marks the final trading session of the quarter. It's been a banner one for Wall Street, with all three major averages rising for five straight months. The S&P 500's more than 10% return to start the year marks its best first quarter performance since 2019.What largely started as a megacap-driven rally hasshown signs of broadening. Wall Street firms almost can't keep pace with the S&P's surge andhave continued to move up their year-end price targets. And historysuggests the momentum could continue.
• Thu, March 28, 2024 at 7:21 PM UTCJosh SchaferMarket sentiment hits 'euphoria'The S&P 500 (^GSPC) is closing out its best start to the year since 2019, and some indicators are flashing that investor sentiment may be too bullish.In a research note on Thursday, Citi's equity strategy team noted the Levkovich Index, which uses 11 different inputs to measure investor sentiment, has entered "euphoria" for the first time during this bull market run.Citi US equity strategist Scott Chronert wrote in a note to clients that the index triggered euphoria after increases in margin debt and short activity in markets, among other factors, pushed the reading higher. Typically, this trigger aligns with a lower probability above historical average returns, per Chronert. But he warned the index was "not designed to be a short-term timing tool."A catalyst may still be needed to slow gains," Chronert wrote. "Exhaustion may not be enough."Chronert told Yahoo Finance that the index is showing sentiment has become far more constructive over recent months amid the rally, and a period of "digestion" for markets could be expected soon."You have to acknowledge that you're kind of chasing sentiment," Chronert said. "There is a clear FOMO, fear of missing out, dynamic going on, that we've seen in the flows data. And we're just trying to be a little bit more balanced in how aggressive to be right now."He added: "It doesn't mean the big story is over. It just means that you have to respect that it does take some time from the fundamentals to grow into the price action."
• Thu, March 28, 2024 at 7:05 PM UTCDani RomeroRH shares soar after forecasts top expectationsRH (RH) stock rallied as much as 17% after the company's forecast impressed investors, despite its fourth quarter earnings coming in shy of expectations.RH expects revenue growth "north of 8%-10%" in 2024 after a 15% drop in 2023. The companysaid in a letter to shareholdersthat demand growth is expected to rise 12%-14% this year.In its fourth quarter, the luxury retailer reported revenue of $738.3 million, which fell shy of estimates for $777.4 million. Margins also fell as the company was anticipating demand to recover. Operating margin landed at 8.7% in the quarter, and adjusted earnings per share slipped to $0.72, which was below expectations for $1.67 per share."We think RH's FY'24 rev guide is better than expected and demand trends are above," Curtis Nagle, analyst at Bank of America, wrote in a note to clients following the results. Nagle raised his price target to $375 from $360 and maintained a Buy rating on the stock.•USD(RH)FollowView Quote Details"As the market continues to seek opportunities to express a constructive view on a potential housing recovery in the U.S., RH’s better-than-expected top-line outlook in [fiscal year 2024] likely helped overshadow the retailer's [fourth-quarter] revenues and margins being below its guidance and consensus expectations," UBS analyst Michael Lasser wrote in a note to clients.The retailer has been in the process of revamping itself as consumers face higher interest rates and have weaker appetite for housing-related spending."We have spent the past eighteen months destroying the former version of ourself and are in the process of unleashing what we believe is an exponentially more inspiring and disruptive RH brand, inclusive of the most prolific product transformation and platform expansion in the history of our industry," wrote RH CEO Gary Friedman.
• Thu, March 28, 2024 at 6:31 PM UTCJosh SchaferMortgage rates hover near 7%Mortgage rates dipped slightly this week but remain close to 7%.Yahoo Finance's Rebecca Chen reports:The average rate for 30-year mortgages remained below the 7% mark but not by much, settling at 6.91% on Thursday,according to Mortgage News Daily.Another measurement tracking weekly average rates for the 30-year loan inched down to 6.79% from 6.87% a week prior,according to Freddie Mac.But homebuyers largely dismissed this week’s minor drop as they wait for the Federal Reserve to cut rates, a good possibility at the central bank’sJune meeting. Not only would financing be cheaper, but more sellers could be prompted to list their homes — a dual benefit for those who have been sidelined by affordability challenges.“Purchase applications were essentially unchanged, as homebuyers continue to hold out for lower mortgage rates and for more listings to hit the market,” said Joel Kan, vice president and deputy chief economist at the Mortgage Bankers Association.
• Thu, March 28, 2024 at 5:26 PM UTCJosh SchaferAmericans are more confident inflation is on the declineConsumers are feeling increasingly confident that inflation will continue falling.On Thursday, the latest University of Michigan survey showed consumers expect inflation to fall to 2.9% in the next year, down from expectations of 3% seen during February. Expectations for long-run inflation were 2.8%, down from the 2.9% seen a month prior.The one-year inflation projections are in a range seen in 2018 and 2019, before the fallout from the pandemic in 2020 sent inflation to a 40-year high."Consumers exhibited confidence that inflation will continue to soften," Survey of Consumers director Joanne Hsusaid in a release.The data comes as the overall picture for price declineshas become murkierto start 2024. Both the January and Februaryreadings of the Consumer Price Index(CPI) came in higher than economists expected. This hassparked worries on Wall Street that inflation's decline could be bumpier than anticipated.Last week, Federal Reserve Chair Jerome Powellnotedthe central bank wants "greater confidence" in inflation's decline before cutting interest rates.But Powell added, “[The January and February inflation readings] haven't really changed the overall story, which is that of inflation moving down gradually on a sometimes-bumpy road toward 2%. I don't think that story has changed."The next reading on inflationwill come Friday morningwith the release of the Personal Consumption Expenditures (PCE) index for February. Economists expect the Fed's preferred inflation gauge, core PCE — which strips out the volatile food and energy categories — increased 2.8% year over year in February. A print in line with expectations would leave annualcore inflation unchanged from January's reading.On a month-to-month basis, expectations are for core prices to have increased 0.3%, which Powell noted isn't "terribly high."
• Thu, March 28, 2024 at 4:30 PM UTCInes FerréTrending tickers on ThursdayNikola (NKLA)Nikola shares soared on Thursday after the maker of trucks powered by battery and hydrogen fuel cells unveiled plans for the first commercial hydrogen fueling station in Alberta, Canada."This initiative will look to propel Western Canada towards a cleaner, hydrogen-driven transportation sector," said Ole Hoefelmann, Nikola's president of Energy.The company and its partners plan to build a network of refueling stations to support Nikola's hydrogen-fueled heavy trucks.•USD(NKLA)FollowView Quote DetailsRH (RH)Shares of RH — formerly Restoration Hardware — jumped 16% after the high-end home furnishing retailer posted a fourth quarter net income of $11.4 million. The company said it faced the "most challenging housing market in 3 decades."RH expects business conditions to remain challenging until interest rates ease and the housing market begins to rebound. The company anticipates customer demand will pick up throughout fiscal 2024.•USD(RH)FollowView Quote DetailsWalgreens Boots Alliance (WBA)Walgreens stock popped more than 1% on Thursday after the pharmacy chain posted $37.05 billion in revenue for its fiscal second quarter, beating expectations of $35.86 billion.The company also reported a net loss of $6 billion due to the decline in the value of its investment in VillageMD. Citing a challenging retail environment, Walgreens narrowed its 2024 earnings outlook.•USD(WBA)FollowView Quote Details
• Thu, March 28, 2024 at 3:49 PM UTCInes FerréSam Bankman-Fried sentenced to 25 years in prison for defrauding FTX investorsFTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison afterbeing convicted of defrauding his customers, investors, and lenders. The sentence was announced by Manhattan federal Judge Lewis Kaplan, who presided over Bankman-Fried's trial.The entrepreneur who presided over the largest crypto collapse in history hadfaced up to 110 years behind bars.Prosecutors had requested a sentence of 40 to 50 years, while Bankman-Fried's lawyers asked for six and a half years.Bankman-Fried addressed the court before sentencing and said he was "sorry about what happened."
• Thu, March 28, 2024 at 3:34 PM UTCInes FerréBitcoin trades back above $71,000Bitcoin (BTC-USD) rose back above $71,000 on Thursday. The cryptocurrency has rallied this week as moneyflowed into spot bitcoinexchange-traded funds.Bitcoin was trading up more than 3% to hover near $71,250 as of 11:30 Eastern.The cryptocurrency hit an all-time high of over $73,000 on March 14 and fell to around $61,000 last week.•USD(BTC-USD)FollowView Quote Details
• Thu, March 28, 2024 at 2:47 PM UTCDani RomeroFebruary pending home sales show 'slow and steady progress'Contract signings for existing homes are starting to show some signs of recovery.Pending home sales grew 1.6% in February from the previous month, according to new data from the National Association of Realtors. The 75.6 index reading is the biggest month-over-month gain since last December.An index level of 100 is equal to the pace of contract activity in 2001.The gain in the index, a leading indicator to assess the housing market’s health, shows howa pickup in inventoryis boosting the market as high rates continue to keepboth buyers and sellers on the sidelines, and leaving pending sales down in the resale market by 7.0% annually.Mortgage rateshovered over 7%every day around mid-February, turning off rate-sensitive buyers.“While modest sales growth might not stir excitement, it shows slow and steady progress from the lows of late last year,” said NAR chief economist Lawrence Yun in a press release. “Ongoing job gains are clearly increasing demand along with more inventory.”He added: “There will be a steady rise in inventory from recent growth in homebuilding. Additionally, many sellers who delayed listing in the past two years will begin to put their homes on the market to move to a different home that better fits their new life circumstances — such as changes in family composition, jobs, commuting patterns, and retirees wanting to be closer to their grandkids.”Regionally, contract signings in the Northeast fell 0.3% from last month, while the West recorded a monthly dip of 6.5% in February. Meanwhile, the Midwest saw a 10.6% gain in transactions with sales under contract, while the South rose 1.1% in February.“The high-cost regions in the Northeast and West experienced pullbacks due to affordability challenges,” Yun said. “Home prices rising faster than income growth is not healthy and adds challenges for first-time buyers.”
• Thu, March 28, 2024 at 2:25 PM UTCInes FerréTesla stock slips, worst performer among 'Magnificent 7' year to dateTesla shares were down almost 2% on Thursday morning, snapping three consecutive days of gains.The electric vehicle maker has been the worst performer this quarter out of theMagnificent Sevenstocks, down roughly 28% since the start of the year. However, the stock had gained during the last three sessions. For the week, Tesla is up roughly 5%.This week several Wall Street analysts lowered their price target on the stock ahead of the EV maker's delivery report due sometime next week.•USD(TSLA)FollowView Quote Details
• Thu, March 28, 2024 at 2:15 PM UTCInes FerréAMC shares tanks 12% on potential stock saleAMC (AMC) shares tanked roughly 12% on Thursday morning after the theater chain announced an equity distribution agreement which allows the company to sell up to $250 million of its common stock.AMC said it intends to use any proceeds to bolster its liquidity and pay or refinance debt, among other purposes.Last month CEO Adam Aron said he would cut his compensation after the company posted its latest quarterly results."I share in your frustration. I feel your pain, and I'm heavily incentivized to get the value of your AMC shares back on the right track," Aron said during the company's earnings call in late February.•USD(AMC)FollowView Quote Details
• Thu, March 28, 2024 at 1:33 PM UTCInes FerréStocks steady on last trading day of month and quarterStocks held steady at the open on Thursday morning as markets were set to round out their best quarter first quarter in five years.The S&P 500 (^GSPC), the blue-chip Dow Jones Industrial Average (^DJI), and the tech-heavy Nasdaq Composite (^IXIC) all hovered around the flatline at the start of the last trading session of the month. With markets closed for the Good Friday holiday, Thursday will mark the final trading session of the quarter too.The S&P and Nasdaq are up roughly 10% since the start of 2024.A final reading on fourth quarter GDP released on Thursday morning showed the economy grew at a rate of 3.4% versus a prior estimate of 3.2%. On the employment front, initial jobless claims for last week came in at 210,000 versus estimates for 212,000.•USD(^GSPC)FollowView Quote Details
• Thu, March 28, 2024 at 1:13 PM UTCInes FerréEnergy sector outperforms in March in signs of broadening rallyMarch has been a solid month for the S&P 500 (^GSPC) — and an even better one for oil- and gas-related stocks.As the month draws to a close, energy has emerged as the top-performing sector. The S&P 500 Energy Select ETF (XLE), which includes oil giants like ExxonMobil (XOM), Chevron (CVX), and ConocoPhillips (COP), has gained more than 9% compared to the benchmark index's rise of nearly 3% in the same period.Readmore here:
• Thu, March 28, 2024 at 11:49 AM UTCBrian SozziBehind the scenes with General Motors CEO Mary BarraYahoo Finance just dropped its latestLead This Wayepisode with General Motors (GM) longtime chair and CEO Mary Barra. Watch the full episodehere.It was really a great treat for me to spend a day with Barra touring an EV manufacturing facility in Detroit. The complexity of making electric vehicles at scale is something I don’t think most auto investors appreciate (which explains why Fisker is probably going out of business and Lucid just needed a capital infusion) — I know I didn’t fully grasp it.A couple of takeaways from my time with Mary:
Guidance: Decide BUY/SELL/HOLD and then output the 10-day price forecast, adhering to the strict JSON format.
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{"action":"BUY","confidence":53,"stop_loss":63597.78,"take_profit":68958.96,"forecast_10d":[70136.53, 69122.34, 67929.56, 68526.10, 69265.95, 68518.09, 69394.55, 68296.22, 67578.09, 68364.99]}
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