🤔 SEC is negotiating whether XRP is a commodity, just like ETH, reports Fox News.
❌ Vermont followed the SEC's example and dropped the lawsuit against Coinbase. It was one of 10 U.S. states that filed a lawsuit against the exchange in 2023.
🇺🇸 A Democratic congressman urged the U.S. Department of Justice to "cease all efforts" to create a strategic crypto reserve, stating that it would not be beneficial.
✔️ The U.S. Senate Banking Committee voted to advance the stablecoin bill, receiving support from both Democrats and Republicans.
💸 Ethereum is postponing the Pectra upgrade to conduct a third testnet 'Hoodi'.
💪 BUIDL from BlackRock was the first to surpass the $1 billion mark, becoming the largest tokenized on-chain fund tracking treasury bonds.
Top 3 cryptocurrencies that whales are buying right now 🗼
🔵Optimism. The number of wallets holding more than 10,000 OP has increased from 4,071 to 4,081 over the last 4 days. This indicates that whales continue to accumulate tokens despite the downward trend. If the accumulation leads to growth, OP may break through key resistance levels starting at $0.87.
🔵Movement. The number of wallets with balances between 10,000 and 1,000,000 MOVE has increased from 291 to 336 since March 2. This indicates that large investors are actively accumulating the token. If the accumulation phase transitions into a bullish momentum, the coin will have a chance to test key resistance levels at $0.55 and $0.59.
🔵Onyxcoin. The number of wallets holding between 100,000 and 10 million coins has grown from March 6 from 3,681 to 3,736. Large investors continue to accumulate assets. If XCN can restore the upward trend, it will have a chance to break through key resistance levels at $0.014 and $0.017.
💎 Ethereum is destined to rise above $10,000 in this cycle
This is the opinion of crypto analyst Ted Pillos.
↗️ He drew parallels between ETH’s current trajectory and BTC’s performance during the 2015-2017 bull market.
BTC’s rise from a bear market low of around $200 ended with a parabolic rally to $780. Similarly, ETH appears to have completed its accumulation phase and broken through key resistance levels.
🏆 The expert also highlighted Ethereum’s dominant position in the DeFi space, accounting for over 52% of the total value locked in projects.
📈 Several factors point to the upcoming growth of BTC
This was stated by analysts at Santiment.
🇼🇫 They noted that long-term owners are starting to move coins, and this indicates a possible growth of the asset.
In addition, the average yield of wallets that have been active in the last 30 days is -2.9%.
💰 Historically, while the yield of such wallets remains below 0%, a good step would be to increase your position.
Another important signal is the decrease in the volume of available BTC on exchanges. If six months ago, 9.92% of the total amount of BTC was stored on the platforms, now the figure is only 7.6%. #BTC
✔️ Litecoin (LTC) is one of the leading cryptocurrencies created for fast and cheap transactions. ✔️ The price of LTC often depends on the overall market condition and demand for quick payments. ✔️ In recent months, interest in Litecoin has increased due to the launch of a spot ETF.
#GasFeeImpact 💸 The Impact of Fees on Cryptocurrency Transactions
✔️ High gas fees can slow down transactions and affect liquidity on the network. ✔️ When fees rise, users and developers start looking for alternatives to cheaper blockchains. ✔️ Changes in gas fees often predict market activity and can affect the price of tokens.
Monitor fees - this is an important indicator of the health of the network!
✔️ Transactions and movements of funds between wallets are not just numbers, they are signals about what is happening in the market. ✔️ Large transfers can mean that large players are ready for changes. ✔️ Paying attention to such movements helps you better understand where the market is heading and what will happen next.
Understanding wallet activity is the key to making more informed decisions!
✔️ Market sentiment plays a key role in determining price movements. ✔️ Positive or negative news, as well as the behavior of major players, can influence the overall trend. ✔️ You can monitor sentiment through indicators such as the fear and greed index, as well as social media.
Stay informed about current sentiments to predict future market fluctuations!
✔️ Changes in token distribution can signal potential trends. ✔️ Large movements between wallets or to exchanges often predict short-term price fluctuations. ✔️ Paying attention to these signals helps traders make more informed decisions.
✔️ User activity directly affects the supply and demand of cryptocurrencies. ✔️ A growing number of users strengthens the ecosystem, increasing the liquidity and value of tokens. ✔️ High activity often leads to higher prices and increased volatility in the market.
It is important to consider user behavior to predict market changes.
#OnChainInsights A new look at the cryptocurrency market! - Blockchain data analysis helps identify key trends. - Investors and traders use this data to predict market movements. - Address behavior patterns, transaction volumes, and large wallet activity are key indicators. Keep your finger on the pulse
#LitecoinETF 🚀 Litecoin on Binance: LTC/USDT Trading Pair Available!
✔️ Litecoin (LTC) trading with USDT is now available on Binance. ✔️ Canary Capital's Litecoin Spot ETF is not yet available for trading. ✔️ ETF has received SEC approval and has been added to the DTCC list.
🟦AMMs. These are decentralized protocols that allow trading without an order book. Instead, liquidity pools are used.
UNI, CAKE, PENDLE, and WOO have grown significantly in the past week and are among the hottest trends. The launch of Unichain has strengthened Uniswap's position, and the growth of BNB helped CAKE add 70%.
🟦Trading bots. These automated programs make trades according to specified strategies without human intervention.
Over the past week, the leaders of the sector have shown impressive results. Photon and BullX earned more than $10 million in fees, overtaking Ethereum ($6.6 million). Trojan, Maestro, and GMGN brought in more than $3 million each.
🟦Perpetual contracts. These platforms allow trading perpetual contracts with leverage.
The top 5 tokens of perpetual futures trading platforms have shown growth in the week. The sector leader, HYPE, has gained more than 10% after several weeks of decline.
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🔥 Binance has announced the listing of a new $KAITO token via HODLer Airdrops! If you hold $BNB and use Simple Earn, you have a chance to get free tokens!
🔹 What do you need to know? ✅ If you locked BNB in Simple Earn from February 6 to February 10, you will automatically participate in the $KAITO airdrop. ✅ Total pool: 20,000,000 KAITO (2% of the total supply). 🚨🚨🚨🚨🚨🚨🚨🚨🤑🤑🤑 ✅ Trading starts: February 20 at 15:00 Kyiv time.
📢 Holders $BNB are regularly pleased with airdrops! If you have BNB, do not forget to use Simple Earn to get new tokens for free!
Bitcoin continues to remain in a zone of uncertainty. If it maintains the current support levels, a rise towards the nearest resistances is possible. However, the market remains volatile, and there can be both spikes and corrections.
Keep an eye on the movements and manage the risks.