💰 Bitcoin’s latest rally driven by ‘huge accumulation’

Bitcoin’s (BTC) latest rally was driven by “huge accumulation” as investor appetite remains high despite five days of trading in the red over the past week, according to CryptoQuant research. Just three days ago, Bitcoin was trading at roughly $65,500 as markets closed on Friday. However, a sustained rally over the weekend took prices to $72,500 before US markets opened for trading on Monday.

Source

t.me/Binance_Coinbase_Bybit

🇺🇸 SEC delays decision on spot 💰 bitcoin ETF options

The Securities and Exchange Commission published a notice Monday saying that it "designates May 29, 2024 as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove," allowing the New York Stock Exchange to start listing options on spot bitcoin ETFs. Two spot bitcoin ETFs named specifically were Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust, but the proposal also opened the door to "any trust that holds Bitcoin."

Source

t.me/Binance_Coinbase_Bybit

🪙 VanEck, CoinShares CEOs doubt SEC will approve spot Ethereum ETFs: CNBC

Firms that gained the Securities and Exchange Commission's approval for a spot bitcoin exchange-traded fund are not feeling very confident that the agency will greenlight proposals for an ether product, according to reporting from CNBC. VanEck CEO Jan van Eck told CNBC in an interview posted on Tuesday that he expected the VanEck Ethereum ETF to be rejected in May – the first deadline approaching for when the SEC will decide whether to allow those products to pass.

Source

t.me/Binance_Coinbase_Bybit

🏦 Coinbase files interlocutory appeal in its case against the SEC

Coinbase filed a motion to appeal a judge's decision last month decision made last month, which allowed a lawsuit involving the Securities and Exchange Commission (SEC) and the exchange to proceed without being dismissed. SEC Commissioners to lawmakers to courts themselves have been at odds on how the Howey Test applies to transactions, Coinbase's lawyers said in the 27-page appeal. The Howey Test is based on a 1946 U.S. Supreme Court case frequently cited by the SEC.

Source

t.me/Binance_Coinbase_Bybit

📊 US, UK, Germany Among Countries With Largest Government Crypto Holdings, Arkham's Data Shows

The United States, United Kingdom, and Germany rank among the top countries holding cryptocurrencies at the government level, according to data from Arkham Intelligence. The crypto analytic firm’s onchain analysis shows that the U.S. government holds 212,847 bitcoins while El Salvador has been purchasing one bitcoin daily as announced by its president.

Source

t.me/Binance_Coinbase_Bybit

📈Bitget’s Futures Trading Hits $1.4 Trillion in Q1 2024: Report

February’s strong market recovery, particularly with Bitcoin reaching an all-time high aided Bitget’s exchange volume in Q1. Bitget experienced significant growth across its trading volumes and user base in the first quarter of 2024, riding the wave of widespread market resurgence. The Seychelles-headquartered exchange revealed that its futures trading volume soared to around $1.4 trillion, marking a 146% increase, while spot trading volume surged by 113% to exceed $160 billion.

Source

t.me/Binance_Coinbase_Bybit

💰 Bitcoin Miners Battle the AI Boom Ahead of Halving: Bernstein

Bitcoin miners are increasingly facing off against a new foe to contend with ahead of this week’s halving: the AI boom. Bitcoin miners are largely centralized operations that mint new digital coins. To do so, a Monday report explains, they need to use a lot of computers and therefore energy. Meanwhile, the booming AI industry is also power-hungry. Both industries look to places like Texas, which has cheap energy and lots of land to build data centers.

Source

t.me/Binance_Coinbase_Bybit

💰 Bitcoin’s weekend dip shakes out short-term holders

Bitcoin market experienced a tumultuous dip, with prices plunging from $70,090 to $64,400 before settling around $66,000. Market watchers are keenly observing the behaviors of short-term and long-term Bitcoin holders—their reactions often providing clues about future trends. Short-term holders appear rattled, hastily selling off their Bitcoin at a loss as indicated by a sharp drop in their SOPR metric. On the flip side, long-term holders continued to display resilience amid downturns.

Source

t.me/Binance_Coinbase_Bybit

💰 Despite weekend dip, bitcoin's market dominance hits highest level since April 2021

While the stock market was closed this weekend and unable to react to the news of Israel being the target of an Iranian drone attack, the crypto market was ready to respond. Assets across the board took a dip as traders recalibrated their portfolios and scaled back risky bets. Bitcoin itself fell from over $70,000 on Friday, April 12, to just over $63,000 at the end of April 13, dropping roughly 11.6% from its high on Friday to its low on Saturday.

Source

t.me/Binance_Coinbase_Bybit

🥇 Bitcoin barely holds on to $60k as bears retest March lows

Bitcoin (BTC) took a downturn below $60,000 on April 17 as US markets began trading, marking a return to prices last seen in early March before the digital currency rallied to new heights. The flagship crypto touched a low of $59,658 before modestly recovering to around $60,800 as of press time, based on CryptoSlate data. Bitcoin was clinging to the $60,500 support level after a slowdown in sell pressure, with bulls attempting a potential recovery above $61,000.

Source

t.me/Binance_Coinbase_Bybit

💰 Bitcoin Miners Remain Optimistic About Future Despite Anticipated Revenue Loss

The CEOs of bitcoin mining firms reportedly remain bullish despite the anticipated drop in block rewards, which is set to follow the top cryptocurrency asset’s halving on or around April 20. Many of the CEOs believe a combination of low-cost operations and more efficient equipment will enable miners to offset the revenue loss related to the halving. According to a report, Bitcoin’s fourth halving since its launch will result in miners losing as much as $10 billion in revenues.

Source

t.me/Binance_Coinbase_Bybit

🏦 Coinbase leases larger New York office, abandons Hudson Yards workspace

Coinbase is relocating to a new office in New York, abandoning its Hudson Yards workspace in the process, a source familiar with the matter told The Block. According to the real estate trade publication, the exchange this month signed an eleven-year lease for a 67,208-square-foot space at One Madison in Manhattan's Flatiron District. A source informed The Block that Coinbase will not retain its office at 55 Hudson Yards, which has been leased since 2021.

Source

t.me/Binance_Coinbase_Bybit

💰 Bitcoin soars to $65,000 as Israel-Iran sparring looks to conclude

Bitcoin’s price momentarily exceeded $65,000 as the market reacted to seemingly reducing geopolitical tensions between Israel and Iran. During the past week, the crypto industry slumped amid escalating tensions in the Middle East and plunged again in the early hours as news broke of Israel’s retaliation on Iran. However, following the muted response from Iran and tempered action from Israel, this morning saw a turnaround as the broader crypto market rose by more than 4%.

Source

t.me/Binance_Coinbase_Bybit

💰 Spot Bitcoin ETFs Record 5 Consecutive Day of Outflows; Analyst Declares Cool-Off 'Totally Normal'

The newly launched spot bitcoin ETFs have been active on the stock market for 99 days, having commenced trading on Jan. 11, 2024. Throughout this period, they have experienced significant trading volumes, marked by substantial inflows from entities such as IBIT and FBTC, as well as notable outflows, particularly from GBTC. During Thursday’s trading sessions, the market observed another net outflow totaling $4.3 million, following a more substantial outflow of $165 million the previous day.

Source

t.me/Binance_Coinbase_Bybit

💰 Bitcoin's halving created the most valuable blocks in history, aside from one

Bitcoin's halving may have split the reward paid to miners in half, but a fierce battle for blockspace generated millions of dollars of payments to miners as the halving commenced. In fact, aside from an apparently accidental $3 million overpayment last November, all of Bitcoin's top 10 most valuable blocks have been mined since the halving, as first flagged by X user Clark Moody, in terms of U.S. dollar value at the time the block was mined.

Source

t.me/Binance_Coinbase_Bybit

💰 New Emails Reveal Satoshi Nakamoto’s Early Vision for Bitcoin

The recent release of a set of emails between Satoshi Nakamoto, the pseudonymous founder of Bitcoin, and an early Bitcoin contributor, Martti Malmi, has shed light on the digital currency’s original philosophy and initial operational issues. These emails are among a wider communication initially unearthed during legal proceedings involving Craig Wright, which reveal Nakamoto’s particular goals for Bitcoin.

Source

t.me/Binance_Coinbase_Bybit

🟠 Binance Executive Arrested in 🇰🇪 Kenya, Facing Extradition Drama!

Nadeem Anjarwalla, a British and Kenyan national employed at cryptocurrency exchange Binance, has been detained in Kenya following his flight from Nigeria in March. Reports from Kenyan news outlets on April 22 reveal that local police apprehended Anjarwalla, potentially for extradition to Nigeria, where he faces criminal charges. Anjarwalla reportedly fled custody in Nigeria on March 22, exploiting a visit to a mosque for escape and utilizing his Kenyan passport to leave the country.

Source

t.me/Binance_Coinbase_Bybit