🟠 Binance Shifts $1 Billion in SAFU Bitcoin Reserves to USDC

Binance, the leading cryptocurrency exchange globally in terms of trading volume, has shifted its SAFU (Secure Asset Fund for Users) reserves into the stablecoin USDC to bolster “its reliability.” During the early hours of Thursday, the platform transferred two substantial amounts of BTC and BNB.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 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

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitwise CIO believes market has not priced in future demand for Bitcoin post-halving

Bitwise CIO Matt Hougan cast doubt on whether current prices truly capture the potential impact of increased demand following Bitcoin’s upcoming halving based on the Efficient Markets Hypothesis (EMH). Hougan raised critical questions about the limitations of EMH in anticipating what the market will be like post-halving. He pointed out that while EMH suggests that Bitcoin’s current price reflects all available information, including the anticipated supply cut from the halving — it does not account for unexpected shifts in market demand.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🥇 Bitcoin Miners Smash Previous Revenue Records Post-Halving; Over $54M Collected in 60 Blocks

Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday morning at 7:30 a.m. EDT, transfer fees are down to $34 per transaction.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 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

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

📊 CEX Trading Volumes Nearly Triple Since October 2023: Bybit

Bybit’s Institutional Report 2024 revealed a significant increase in monthly trading volumes across several centralized exchanges (CEXs) from October 2023 to March 2024. Bybit Exchange emerged as one of the fastest-growing platforms, showing a remarkable 264% growth in trading volumes. Additionally, the U.S.-based exchange Coinbase experienced an uptick in volumes, rising by 193%, slightly below the industry’s average growth rate of 255%.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🟠 Binance unveils spot copy trading feature in automated strategy tools expansion

Binance, the largest crypto exchange by trading volume, is set to roll out a new spot copy trading tool — enabling users to follow and automatically execute the same trades as some of the platform’s top traders. “At Binance, we’re always listening to our users and incorporating their feedback into our products. Our users give us great ideas because, very often, they know what works best for them,” Binance CTO Rohit Wad said in a statement shared with The Block.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 BlackRock's Bitcoin ETF Snaps 71-Day Inflow Streak, Data Show

BlackRock’s spot bitcoin exchange-traded fund (ETF), which trades under the ticker IBIT on Nasdaq, fell out of favor on Wednesday, preliminary data published by Farside Investors showed. For the first time since going live on January 11, the fund did not draw any investor money, snapping a 71-day inflows streak. Seven out of the other ten funds followed IBIT’s lead.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🪙 USDT's exchange balance hits highest level in a year and keeps rising

Exchanges are holding more of Tether's USDT. The 7-day moving average of the change in USDT held by exchanges reached $568 million earlier this month, the highest it's been in a year. The moving average has remained positive since the start of February, indicating consistent growth of exchanges’ USDT holdings.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

💰 Bitcoin options 'in line with previous halvings' and bullishly pricing calls higher than puts: analyst

The positioning of bitcoin options is in line with previous halvings, with the market skewing bullish and pricing calls at higher levels versus puts for the end-of-June 2024 expiry, an analyst said. A put-call options ratio below one indicates that the call volume exceeds the put volume, signifying bullish sentiment in the market. The bitcoin put-call skew is negative as of May and beyond, which means calls are relatively more expensive — indicating bullish sentiment.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading

🪙 Franklin Templeton lists Ethereum ETF on DTCC

Asset management firm Franklin Templeton has listed its spot Ether exchange-traded fund (ETF) — the Franklin Ethereum TR Ethereum ETF (EZET) — on the Depository Trust and Clearing Corporation (DTCC) website, a significant platform for securities transactions in the United States. The DTCC website’s “Create/Redeem” column lists the ETF, indicating its availability for creation and redemption.

Source

https://www.tg-me.com/Crypto Futures Trading/com.Crypto_Futures_Trading