Ether $ETH is at the lowest relative level versus Bitcoin $BTC since June 2022
ETH/BTC
JUST IN: 20,000 blocks remain until Bitcoin halving
Source: Watcher Guru
“Mr. 4MM” buys Bitcoin for approx. $4 million USD, several times a day, regardless of the price
He already bought 2x $4mm today. Source: CC15Capital
Last year, BlackRock launched a spot bitcoin private trust for institutional clients in the United States - see below. This PRIVATE trust was launched in 2022 with coinbase as custodian
The move comes at a time when the global cryptocurrency industry has been caught in the crosshairs of the U.S. securities regulator on alleged violations of securities laws. Could it be that BlackRock has been buying Bitcoin throughout the whole bear market using this PRIVATE trust?
97% Of All Bitcoin Will Be Mined In April of 2024 For the 4th Halving...
As a reminder: The single most important event for Bitcoin is the halving. Satoshi Nakamoto coded Bitcoin to half the reward payouts to miner's every 210,000 blocks. This event occurs approximately every four years and is a form of artificial inflation control, similar to a central bank printing less money. The halving ensures that the total supply of Bitcoin caps at 21 million, making it a deflationary asset. In simpler terms, as more time goes on, less and less Bitcoin are created. Every other fiat currency in existence is inflationary in nature. As more time goes on, more are created, thus making the currency you hold less valuable. This is what separates Bitcoin from everything else and why many believe that is is a digital store of value. As a function of economics and as Bitcoin's adoption rate grows, this means that demand will most likely outpace supply by a wide margin. The chart below shows past halving events and their market impact. Source: Jacob Canfield
Binance CEO Changpeng Zhao (CZ) is out, but Binance survives as part of a DOJ settlement
-> Binance CEO Changpeng Zhao has agreed to step down from his role at the world's largest crypto exchange as part of a settlement with the U.S. Department of Justice. -> He also plans to plead guilty to violating criminal U.S. anti-money-laundering requirements that would potentially allow the exchange to keep operating, people familiar with the matter have told the Wall Street Journal. -> Zhao will appear in federal court in Seattle on Tuesday to enter his guilty plea, the sources told the news outlet. Binance, the international crypto exchange that Zhao founded and owns, will plead guilty and pay $4.3 billion in fines and settlements with authorities. It's amazing how US markets keep pricing cuts. When the Minutes reiterate, yet again, that while the Fed are cautious they still have a tightening bias. Source: Decrypt
Bitcoin has surpassed Ethereum in transaction fees for the first time since mid-2020. It looks like Ordinals are playing a role
Source: Steno Research
BREAKING: Binance >>>
Department of Justice is seeking a penalty of $4 billion from Binance in order to settle a criminal investigation Crypto exchange Binance is nearing a settlement with the U.S. Department of Justice to resolve a criminal investigation into alleged money laundering, bank fraud, and sanctions violations, unnamed sources told Bloomberg. If the settlement deal goes through, it would be one of the largest-ever penalties in a crypto case. Negotiations have included the possibility of criminal charges against Binance's founder and CEO Changpeng Zhao, also known as CZ. However, as it currently stands the deal would allow the crypto exchange—the world's largest by volume—to keep operating while holding its leadership accountable. If finalized, Binance would likely pay the fine as part of a deferred prosecution agreement. This would require Binance to meet prescribed conditions like overhauling compliance programs, according to the report. Source: Decrypt, Altcoin Daily
