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Stocks & Crypto Coins Updates Number one over telegram @Coins Admin - @payments_coins Share link: https://t.me/+IoiSGRbLGv00ZDhl
Andrew Kang: “The great rise of Tether profitability changes the flow dynamics of BTC in a big way
If they direct most of their annualized $6b profits into BTC, it almost completely offsets selling pressure from Gox, US gov”.
https://twitter.com/rewkang/status/1657454477585129472
If you are the decision maker at tether, would you route profits to buy & hodl BTC? 👍/👎
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Binance announced that it will proactively withdraw from the Canadian marketplace, because the new guidance related to stablecoins and investor limits provided to crypto exchanges makes the Canada market no longer tenable for Binance at this time. Canada is the home country of CZ.
https://twitter.com/binance/status/1657099651210969088
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LG patented a TV that will allow users to trade NFTs.
https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2023080273
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29k BTC options are about to expire with a Put Call Ratio of 0.63, a max pain point of $28,000 and a notional value of $770 million.
181k ETH options are about to expire, with a Put Call Ratio of 0.81, a max pain point of $1,900 and a notional value of $320 million.
https://twitter.com/GreeksLive/status/1656828014746042368
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Elon Musk has hired a new CEO of Twitter, who will take over in six weeks.
https://twitter.com/elonmusk/status/1656748197308674048
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This decline suggests that approximately 266,000 bitcoins, acquired between November and January, have been sold from the 1st of May until now.
https://cryptoquant.com/insights/quicktake/645c024dbbe24f02e5f81973-Can-you-provide-a-more-concise-explanation-for-the-decline-in-Bitcoins-price-fro
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April PPI inflation, the Fed's "preferred inflation gauge," falls to 2.3%, below expectations of 2.4%.
Core PPI fell to 3.2% which was also below expectations of 3.3%.
There seems to be more data suggesting that a "Fed pivot" is on the horizon.
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Robinhood reported cryptocurrency trading revenues declined 30% during the first quarter of this year to $38 million.
During the same quarter in 2022, the company reported trading revenues of $54 million.
Robinhood also reported that its crypto assets "under custody" dipped by 42% year-on-year to $12 billion.
https://www.theblock.co/post/230330/robinhood-reports-steep-30-decline-in-crypto-trading-revenues-year-on-year
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New York introduces bill to accept stablecoins as a form of payment for bail.
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UAE’s Royal Group Shorts US Stocks on Global Recession Fears
Royal Group has built short position worth billions of dollars
Firm helps manage one of the world’s biggest family fortunes
https://www.bloomberg.com/news/articles/2023-05-10/uae-s-royal-group-shorts-us-stocks-on-global-recession-fears
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Ethereum may experience serious pressure on the price in the near future:
The largest staker of ETH coins, Lido Finance, announced the release of an update on May 15, in which the withdrawal of coins from staking pools will become available. The developers claim that the withdrawal will take up to 3 days, and the initial available withdrawal amount from the pool will be about 270,000 ETH ( ~500,000,000$ ).
Also, we recall that in total, more than 6 million ETH are stored in Lido, with a total value of about $12 billion.
Will $0.5 billion shake the price of ETH? We'll find out after May 15.
https://twitter.com/LidoFinance/status/1655656843501355009
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U.S. CPI in 30 min
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Binance Will Move AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFII into the Innovation Zone on 2023-05-10.
The Innovation Zone was introduced to give Binance users a place to trade innovative projects with higher volatility and risk compared to other listed tokens. When we identify such projects during our periodic review, we will move them into the Innovation Zone. Projects placed in the Innovation Zone will be closely monitored on their developments.
https://www.binance.com/en/support/announcement/binance-will-move-amb-ark-bts-drep-ftt-gft-jasmy-loom-mln-oax-omg-perl-pnt-snm-srm-vgx-wrx-and-yfii-into-the-innovation-zone-on-2023-05-10-2f420fa36bcd4fe89dc6855b857b7ea9
PayPal discloses it held $499m BTC for customers on March 31. That's up from $291m on Dec 31.
Matches BTC's percentage gain in that period. They're buying and holding.
Will be interesting to see any info from Fidelity later this year.
Filing, page 16:
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001633917/000163391723000072/pypl-20230331.htm
Who do you think has created commendable impact on the crypto markets?
🔥 Brian Armstrong
❤ CZ
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Bakkt mass delists tokens.
The full list of de-listed tokens are: Aave (AAVE), Avalanche (AVAX), Bancor Network Token (BNT), Basic Attention Token (BAT), Chainlink (LINK), Chiliz (CHZ), Compound Token (COMP), Cosmos (ATOM), Curve DAO (CRV), Enjin Coin (ENJ), Fantom (FTM), Filecoin (FIL), GALA (GALA), The Graph (GRT), Internet Computer (ICP), Loopring (LRC), Maker DAO (MKR), Republic (REN), Stellar (XLM), Sushiswap (SUSHI), Synthetix (SNX), Texos (XTZ) and Uniswap (UNI).
https://www.coindesk.com/business/2023/05/12/bakkt-mass-delists-tokens-including-aave-avalanche-compound-filecoin-makerdao-and-uniswap/
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New Twitter CEO Linda Yaccarino is following Shiba Inu on the platform.
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The Lisk Foundation is exchanging 1000 BTC into ETH over the next 10 weeks and will hold onto them as part of its long-term treasury.
https://twitter.com/maxkordek/status/1656629386689363970
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Santiment: “The percentage of ETH on exchanges is at its lowest (10.1%) since public trading began in 2015”.
https://twitter.com/santimentfeed/status/1656748605787766784
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U.S. Chamber of Commerce files brief calling out the SEC for refusing to answer which digital assets are securities, saying its actions are "unlawful."
"THE SEC’S DELAY IS CAUSING GREAT ECONOMIC HARM."
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A meme token whose handle is followed by CZ suddenly wakes up and sees massive activity.
Is there something that we don't know and 'they' know?
https://dropstab.com/coins/green-shiba-inu
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Binance Will Reduce the Processing Time for ETH Staking Withdrawals.
Following feedback from the community, Binance will reduce the processing time for ETH Staking withdrawal requests to five days, effective from 2023-05-18 08:00 (UTC). This is a large decrease from the initial processing time required (i.e., 15 days).
https://www.binance.com/en/support/announcement/binance-will-reduce-the-processing-time-for-eth-staking-withdrawals-98539cbc6e794dbebccac64004aaf59c
What do you think happens first?
👍 BTC to $30k
👎 BTC to $26k
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RUMORS: US govt bitcoin wallets on the move.
https://blockstream.info/tx/0d3873d4a9e5b31156605143f27b84a503d69f70df46b31576bc26f7a6c947ae
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Today #tether announces its Q1 2023 Assurance Report (attestation) 👀
- Net profit for this quarter of $1.48bn leading to a surplus over reserves of $2.44B- an all time high!! 🤯
- This report adds new explicit separate categories for our #Bitcoin and Gold 🪙 holdings, representing 2% and 4% of our total reserves respectively.
- We have reduced secured loans from 8.7% to 6.5% of reserves. A 25% reduction! We shall continue to 0 as promised.
- Q1/2023 shows direct US T-bill holdings of over $53bn (another all time high for Tether) representing more than 64% of total reserves.
- A massive reduction in bank deposits, lowering our unsecured counterparty exposure.
- All new issuance of tokens in Q1/2023 was invested in US t-bills or placed in overnight reverse repo facilities (fully collateralised by US treasuries). With $7.5bn now directly invested in overnight reverse repo, our reserves continue to be not only extremely high quality but also highly liquid.
To give you a comparison: Blackrock Q1 net income: $1.16 billion
https://twitter.com/paoloardoino/status/1656301275645108224
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US inflation falls to 4.9%, lower than expectations.
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Warren Buffett’s stock portfolio is now worth $347 billion.
86% of it is invested in these 8 companies:
Apple
Bank of America
Chevron
Coca-Cola
American Express
Occidental Petroleum
Kraft Heinz
Moody's
Buffett is now sitting on a $130 billion cash pile.
Telegram | Twitter
Bloomberg: Jane Street Group and Jump Crypto — two of the world’s top market-making firms — are pulling back from trading digital assets in the US as regulators crack down on the industry.
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This legendary tweet went out exactly an year ago.
Still vibing?!
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PayPal discloses nearly $1b of crypto assets on balance sheet.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001633917/000163391723000072/pypl-20230331.htm
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