🪙 Ether derivatives conditions could trigger sharp ETH price swing in the near future, analysts say

"The market is short ether gamma, near-dated options, which means that a sharp move in either direction would be amplified," QCP Capital analysts said. Similar conditions were detected by crypto derivatives trader Gordon Grant, who observed a sharp rise in short-dated volatility as ether recently experienced a more significant sell-off than bitcoin.

Source

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

❄️ Telegram CEO Pavel Durov says he's held a few hundred million dollars in his 'bank account or in bitcoin' for 10 years

During an interview with Tucker Carlson aired late Tuesday, Telegram co-founder and CEO Pavel Durov said he has held a few hundred million dollars in fiat or bitcoin for the last 10 years. Responding to a question about the encrypted messaging platform not accepting venture capital money, Durov said the firm wanted to remain independent, and it was never about the money. “I have had a few hundred million dollars in my bank account or in bitcoin since 10 years ago, and I don't do anything with it. I don't own any real estate, jets or yachts.

Source

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

🪙 Tether announces plan to reorganize into four new divisions

Tether, the issuer of the stablecoin, announced it is reorganizing to venture into broader digital asset sectors. The company's USDT stablecoin will be managed by a group called "Tether Finance," while another division, named "Tether Power," will manage the company's investments in bitcoin mining. A third division, "Tether Data," will oversee strategic investments in technology, including artificial intelligence (AI). Finally, a division called "Tether Edu" will house various educational initiatives.

Source

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

💰 Bitwise: Bitcoin Halving Is a 'Sell the News' Event, Market Underestimates Long-Term Impact

Asset management firm Bitwise has cautioned that data suggests the upcoming Bitcoin halving is a “sell the news” event. However, the firm explained that the market likely “prices in the short-term impact of the halving but underestimates the long-term impact,” emphasizing that the data “also suggests that, long-term, the halving may be conducive to price appreciation.”

Source

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

💰 IMF says Bitcoin has become necessary financial tool for preserving wealth amid financial instability

Bitcoin (BTC) is increasingly serving as a critical channel for cross-border financial flows amid global financial instability, according to a new report by the International Monetary Fund (IMF). The report — called “A Primer on Bitcoin Cross-Border Flows” — sheds light on how the decentralized nature of Bitcoin is being leveraged to bypass traditional banking systems, especially in regions experiencing economic distress or strict capital controls.

Source

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

💰 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

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

🥇 Runes Protocol Launches on Bitcoin, Sending Fees Soaring as Users Rush to Mint Tokens

Rodamor is known for the release of Ordinals, a protocol that allows people to “inscribe” data on the smallest units of bitcoin (i.e. satoshis) to create highly valued assets on Bitcoin. Ordinals is largely credited for inspiring a renewed developer ecosystem on Bitcoin.

Source

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

💰 Deutsche Bank Expects Bitcoin Price to 'Stay High' After Halving — JPMorgan Disagrees

JPMorgan Chase and Deutsche Bank have weighed in on potential price movements for bitcoin following the halving. “We continue to expect prices to stay high,” Deutsche Bank analysts said. JPMorgan analysts, however, stated that they “see downside for the bitcoin price post halving for several reasons.”

Source

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

💰 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

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

🟠 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

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

🪙 Over $500M Ethereum (ETH) Left CEXs as Market Prepares for Impulsive Move: Data

Data from IntoTheBlock revealed that investors withdrew approximately half a billion ETH from centralized exchanges last week, the highest the asset has seen since February. The withdrawal of large amounts of ETH from centralized exchanges signals investor confidence in the long-term price trajectory of the asset. Market participants usually withdraw their cryptocurrencies from centralized trading platforms to hold the assets in their private wallets or cold storage in anticipation of higher prices.

Source

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

💰 Ripple challenges SEC’s $2 billion fine, proposes $10 million settlement instead

Crypto company Ripple has responded to the Securities and Exchange Commission’s (SEC) pursuit of nearly $2 billion in fines by advocating for a different approach. Stuart Alderoty, Ripple’s Chief Legal Officer, conveyed the company’s stance in a statement on the X (formerly Twitter) platform, stating that the case “had no allegations (or findings) of recklessness or fraud.”

Source

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime

🇸🇻 El Salvador 💰 bitcoin wallet suffers source code, VPN access leak

El Salvador's bitcoin wallet has suffered a security breach, marking the latest attack on its national crypto program. Cybercriminal group CiberInteligenciaSV leaked on Tuesday snippets of the wallet's source code and VPN access information on an online hacking forum. The exploit marks one of the latest attacks against El Salvador’s official Chivo Wallet for bitcoin, which have plagued the program as the prices of some cryptocurrencies sail to two-year highs.

Source

https://www.tg-me.com/Crypto Market Time/com.CryptoMarketTime