$ETH A whale, dormant for two months, withdrew 1,402 $ETH ($2.56M) from Binance, incurring a ~$6M loss.
Over 10 months, the whale has accumulated 6,653 $ETH ($12.17M).
Address: 0x1a...38F6
#wendy
{spot}(ETHUSDT)
Arbitrum Gaming Ventures unveils initial $10M investment cohort
#ArbitrumGamingVentures unveils initial $10M investment cohort as part of its larger 200M $ARB (approximately $66M) initiative to expand the Arbitrum gaming ecosystem. Initial cohort covers games development, publishing platforms, and infrastructure spanning AAA experiences, social and casual categories, and emerging distribution channels, and includes #Wildcard , #HyveLabs , #TRex , #Xai and #ProofofPlay.
👉 businesswire.com/news/home/20250508307878/en/Arbitrum-Gaming-Ventures-Reveals-%2410M-First-Investment-Cohort
Following a break, the crypto market has shifted to expansion
Reacting favorably to the US-China trade negotiations set for the weekend, total crypto market capitalization has climbed by 2.8% over the last 24 hours to $3.07 trillion. Two-week consolidation just below this round level preceded the latest climb over it. Technically, the market is also exhibiting appreciation as it exceeds the 200-day moving average. The $3.20 trillion region, where the market lingered most of February, has next upward potential.
Last seen in early February, Bitcoin now stands over $99K. Technically, a Fibonacci extension started with a possible upside of 161.8% from the rise from April 9, through May 2, to over $112K. Target in the $162K range and upward potential of over 60%, reaching the April lows fits a more general scenario of a correction from the worldwide rise from last September to January this year.
According to CryptoQuant, the present dynamics of BTC net realized gains point to the entering into the "zone of caution" rather than the development of a macro peak. Profits taken by investors when quotations rebound line late-stage bull market behavior.
Currently the first US state to enact a bitcoin reserve legislation is New Hampshire. Approved by the state House and Senate, the governor signed the measure. The paperwork lets the Treasury invest up to 5% of the money in precious metals and Bitcoin.
The Ethereum network turned on a significant update to Pectra on May 7, including 11 critical improvements meant to increase performance and usefulness.
Standard Chartered projects a more than 4-fold gain in value—the value of the Binance-linked coin BNB rising to $2775 by 2028.
#BTCtrade #TradeStories #StripeStablecoinAccounts #USHouseMarketStructureDraft #BitcoinReserveDeadline $BTC $ETH $XRP
This shared random alt-chart just shows how pressured most of alts have been, along with $ETH .
Meanwhile $BTC dominance has been non-stop climbing up, and the faith of people to any other asset than $BTC has been at the burning focal lenght under microscope.
Yet a piece of my unweavering thesis has been, as an Ethereum holder, that there comes the final ”meltdown” of the faith, when the most have given up. This is no small talk nor pep-talk, but serious action that hits the uncosncious level. Even the most warrior-mentality guy has sold their alts already. And that’s when the prolonge Btc-season of many years begins to shift out. And it happens mind-quickening way and fast. That’s when you #DCA your long positions and are able to close them in profit in a snap. #TradeStory