• Bitcoin (BTC) may need to dip to $19.3K to cool off profits from short-term holders, according to new data from Glassnode. • The market value to realized value (MVRV) metric indicates that BTC price resistance is being dictated by these short-term holders. • A return below $20,000 would reset the STH-MVRV back to 1.0, …
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• Blur is a nonfungible token (NFT) marketplace that has seen a spike in trading volumes and total sell-side liquidity since conducting an airdrop on Feb. 14. • Blur’s incentive program and advanced NFT trading features are causing users to shift away from OpenSea, the leading marketplace. • OpenSea recently discontinued its marketplace fee of …
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• Yuga Labs is changing the logo for its Bored Ape Kennel Club (BAKC) NFT collection after allegations of intellectual property theft. • A battle between OpenSea and Blur has led to a surge in NFT sales over the past seven days, with transacted volume reaching over $524 million. • Easy Drawing Guides has asserted …
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• Bitcoin’s average block size has hit an all-time high of 2.5MB following the creation of the Ordinals protocol in January 2023. • Participants from the Bitcoin mining ecosystem have already made over $600,000 processing transactions of Ordinals. • Ordinals allow the creation of Bitcoin „digital artifacts“ on the network, such as JPEG images, PDFS …
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• The Federal Bureau of Investigation (FBI) has seized $100,000 worth of property from a reported phishing scammer. • The property seized included 86.5 Ether, two nonfungible tokens (NFTs), and an Audemars Piguet royal oak watch. • The alleged scammer was initially exposed via an investigation by independent blockchain sleuth ZachXBT in September 2022. FBI …
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• The Federal Reserve Board has denied Custodia Bank’s application to become a member of the Federal Reserve System. • The Fed stated that the application was „inconsistent with the required factors under the law“ and had an „insufficient“ management framework. • Custodia’s application for a master account remains pending, the bank said in a …
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Bullet Points: • Bybit CEO Ben Zhou clarified that Bybit had $150 million exposure to the bankrupt crypto lender Genesis Global Trading via its investment arm Mirana. • Zhou noted that the exposure has about $120 million of collateralized positions, which Mirana had already liquidated. • The community questioned Bybit’s timing in revealing their exposure …
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• Crypto lender Nexo is planning to sue the Bulgarian government after recent office raids. • Nexo claims that the raids were conducted against the law and with the intent to “destroy and loot a prosperous business.” • The firm also emphasized that it has been compliant with Anti-Money Laundering requirements and sanctions against Russia. …
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• Bitcoin (BTC) could be busy forming fundamental support in its current tight trading range, the latest research suggests. • A new 100-week „point of control“ is appearing at $16,800 as the age-old Bitcoin trading range endures. • On-chain analysis is hinting that, contrary to some beliefs, BTC/USD may not have further to fall in …
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• In December 2022, Bitcoin miners in Texas returned up to 1,500 megawatts of energy to the local grid. • This amount of energy was enough to power over 1.5 million small homes or 300 large hospitals. • The miners were praised for their flexibility and for providing ancillary services to the state. In December …
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