USDT surpasses the dollar in state liquidations of Venezuela
The Venezuelan state prioritizes the use of USDT in its liquidations in September, marking a currency shift, according to the economist. P2P platforms and authorized exchange houses facilitate access and conversion to bolívares.
Education promotes adoption by reducing risks.
The Venezuelan state is making a shift in its exchange strategy, executing more liquidations in the stablecoin Tether (USDT) than in U.S. dollars in September. This was revealed by economist and consultant Asdrúbal Oliveros, who highlighted the "transcendental change" occurring in the Venezuelan exchange market.
This shift, driven by inflation and the devaluation of the bolívar, represents a drastic transformation that redefines the national financial landscape. "The change, initiated two months ago, implies that the government assigns USDT directly to key companies through two authorized platforms, instead of dollars through banks, as was done in traditional auctions since 2019," Oliveros explained in a recent radio interview.#usdtvenezuela
The illiquid supply of Bitcoin reaches a record of 14.3 million BTC as large investors accumulate
More than 72 percent of Bitcoin in circulation is now illiquid, suggesting reduced selling pressure and a continuous downward trend in the supply of Bitcoin on cryptocurrency exchanges.
The illiquid supply of Bitcoin now stands at 14.3 million BTC, a new record.
Whales are absorbing nearly 300% of the annual mined Bitcoin supply.
The illiquid supply of Bitcoin
BTC
100.062 €
, coins held long-term by holders with little spending history, has reached an all-time high.
Data from the market intelligence company Glassnode shows that the "illiquid supply" of Bitcoin has reached a record of 14.3 million BTC.
The illiquid supply of Bitcoin reaches all-time highs
The number of BTC held by entities for more than seven years without selling has increased by more than 422,430 coins since January 1, reaching a new high of 14.3 million BTC on Friday.
With the current circulating supply of Bitcoin at around 19.92 million, this means that more than 72% of all mined Bitcoin is now classified as illiquid.#BTC $BTC
#TrustWallet Trust Wallet by Binance enhances the utility (and price) of its token TWT
Trust Wallet launched a roadmap for its token TWT. The announcement is immediately impacting the cryptocurrency's price.
TWT will allow gas-free transactions.
The Trust Wallet roadmap includes 4 layers of development.
Trust Wallet, the cryptocurrency wallet backed by Binance, launched a new roadmap on September 18 to strengthen the utility of its token TWT. This roadmap aims to integrate Trust Wallet Token as a central pillar of a financial ecosystem whose mission, according to the company, is to reach one billion users by 2030. This is according to a statement published on its official blog.
The strategy of the new Trust Wallet roadmap sees TWT as an enabler of functions ranging from everyday finance to advanced trading.#NoticiasCrypto
#BTC Professional traders increased bullish bets ahead of the Fed's decision on interest rates
The Bitcoin options market reflects caution, while prominent traders increased their bullish positions as optimism grows over a rate cut by the Federal Reserve The delta deviation of Bitcoin options surpassed the neutral threshold of 7%, indicating cautious sentiment among traders ahead of the U.S. Federal Reserve's decision.
The ratio between long and short positions of prominent traders and the USD 292 million in incoming flows into spot ETFs support optimism, despite mixed results from BTC derivatives.
Bitcoin
BTC
€99,544
approached Wednesday the level of USD 117,000, but failed to maintain its bullish momentum as traders weighed the possibility that the Federal Reserve's interest rate cut was already priced in. Market sentiment was further clouded by speculation about additional restrictions on the sale of artificial intelligence microchips to China.
The financial institution believes that network activity remains the key driver of Ethereum's value.
The bank considers that there is widespread adoption of applications based on the network.
ETFs have an impact on the price of Ethereum.
Citigroup projects that the price of ether (ETH), the cryptocurrency of Ethereum, could reach $6,400 by the end of 2025 in a bullish scenario. The financial entity highlights that the increasing activity in Ethereum and the adoption of applications based on this network, such as stablecoins and the tokenization of assets, drive this projection. #Ethereum
Bitcoin and Ethereum will offer investment opportunities by the end of the year: Tom Lee
The president of BitMine predicts a positive year-end if the Federal Reserve of the United States implements the rate cut.
Tom Lee is considered the Michael Saylor of Ethereum.
BitMine is the company with the most Ethereum in its corporate treasury.
A possible interest rate cut from the Federal Reserve of the United States (FED), tomorrow September 17, keeps investors alert to opportunities in bitcoin (BTC) and ether (ETH), the latter being the cryptocurrency of the Ethereum network.
Tom Lee, co-founder of Fundstrat and president of BitMine, anticipates that both digital assets will present "exceptional investment opportunities" by the end of 2025, driven by an expected injection of liquidity into the financial markets.#bitcoin #Ethereum
Pump.fun leads weekly gains what is happening with this cryptocurrency?
The native token of the Solana memecoin platform registers a weekly increase of 72%.
PUMP has just been listed on the Binance exchange.
Pump.fun reported revenues of 3.38 million dollars in the last 24 hours.
Pump.fun (PUMP), the token of the Solana memecoin creation platform, is the best performing asset of the week within the top 100 by market capitalization.
In the last 7 days, the price of PUMP went from 0.0047 dollars to 0.0081 dollars, which represents an increase of 72%, as shown in the following chart:#Pumps
#Bitcoin❗ Fidelity: The illiquid supply of Bitcoin could reach 8.3 million by 2032
Fidelity anticipates that long-term holders and corporate treasuries could lock up more than 6 million BTC by 2025, which would reduce the supply and could drive price dynamics. Around 42% of the current circulating supply of Bitcoin, that is, 8.3 million Bitcoin
BTC
99,351 €
, could be "illiquid" in 2032 at the current rate of Bitcoin treasury purchases by companies, according to the asset management firm Fidelity.
In a report published on Monday, Fidelity identified two groups whose supply could be considered illiquid, with the criterion that their Bitcoin supply has increased every quarter or at least 90% of the time over the last four years.
Based on this, it found two groups: long-term Bitcoin holders and publicly traded companies with at least 1,000 BTC, the latter of which have grown this year.
The illiquid supply of Bitcoin means that there is less availability in the open market, which could be positive for the price of Bitcoin.
"We estimate that this combined group will hold more than six million Bitcoin by the end of 2025, which is more than 28% of the 21 million BTC that will exist," Fidelity stated.
In Venezuela and 24 other countries, bitcoin exceeds trust in governments
Bitcoin generates more trust than governments in countries with financial stress, such as Venezuela, according to a study by the Cornell Bitcoin Club. In countries with high inflation, bitcoin offers autonomy against devaluation.
Distrust in governments drives the adoption of bitcoin as a financial alternative in crises.
In Venezuela and in 24 other countries, bitcoin (BTC) is surpassing government institutions in the perception of citizen trust. This phenomenon, which may seem counterintuitive to some, is a harsh reality in pressured economies, where the stability of traditional finances is a chimera.
This statement arises from recent research that sheds light on this growing trend regarding trust in government institutions.#Venezuelacripto
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BNB reached a price of 942 dollars for the first time in its history.
One of the reasons behind this good performance of BNB is the announcement of a partnership between Binance and Franklin Templeton, a financial giant that manages 1.6 trillion dollars.
The agreement aims to create investment products that combine the advantages of cryptocurrencies —speed and low costs— with the solidity of traditional finance.#BNBBreaksATH
The P2P: When 'blockchain' technology solves the crisis of 'corralitos' in Latin America 🇻🇪🤔
Local inflation drives the need to send and receive value without the limitations of the traditional system, especially in regions where migration and remittances are vital. The P2P presents itself as a bridge that facilitates access to capital, overcoming the barriers of the conventional financial system.#P2P
Open interest in Solana futures increased to USD 16.6 billion thanks to Galaxy and Forward Industries joining the adoption. Is SOL heading towards USD 300 soon? #solana $SOL #CrecimientoDeCriptomonedas
An «unknown» cryptocurrency rises 1,000% in a week
MYX Finance positions itself as the cryptocurrency with the highest increase within the top 100 by market capitalization.
MYX, the native token of the decentralized exchange (DEX) MYX Finance, surprises the cryptocurrency market after its price skyrocketed from $0.99 to $17.77 in just seven days, representing an increase of 1,695%
In this way, MYX positions itself as the cryptocurrency with the best weekly performance within the top 100 by market capitalization.
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🇻🇪🤔 Are we facing a new bullish cycle?**: With Bitcoin surpassing this barrier, many analysts believe that a new bullish cycle could be starting. What implications would this have for the market in general?#btc