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10/06/21 11:53
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According to a recent report by Glassnode, nearly $3 billion worth of Bitcoin was withdrawn from exchanges over the past week, which is the highest rate of withdrawal since April 2021. While it is difficult to determine the exact reason behind this trend, some analysts believe that it could be a sign of increased investor confidence in the asset's long-term value coupled with the introduction of the BRC-20 token standard and Ordinals inscriptions - which set a wave of precedents for other blockchains as well. Cryptocurrency prices have trended higher so far in 2023 as the outlook for the U.S. economy has improved. In addition, investors are piling into Bitcoin as they anticipate the U.S. Securities and Exchange Commission will soon approve the first ever Bitcoin spot exchange-traded fund to trade on a major U.S. exchange. The bullish late-month trading action in Bitcoin, Bitget BGB and Ethereum (ETH) was driven largely by the hope asset managers such as Fidelity Investments and BlackRock will be among the first applicants greenlit by the SEC to launch Bitcoin spot ETFs, lending further credibility to cryptocurrencies and opening the door for more widespread adoption. As the bitcoin market showcases a blend of optimism, cautious anticipation, and a quest for stability. the journey remains unpredictable, yet inherently intriguing for enthusiasts and investors globally. -
Over the last few weeks, the crypto market has shown a sign of what to expect in the next bullrun and there has been influx of money coming in especially from new investors and traders who took a bow during the harsh bear market in the last 30 months but currently seek to take advantage of the bullish market. While this is a good time for investors who have been steadily DCAing during the bear market, it could be a trap for short term traders looking to cash out on time 😂😂 hence the need to fine-tune the strategy been adopted at such a time like this. Is there a particular strategy you guys are using to trade futures ATM to minimize risk? Will like to hear from you. -
While browsing Bitget's most recent postings, I came across Jito Network, a latest development in the Solana ecosystem. Their liquid staking pool, JitoSOL, allows you to exchange your SOL for JitoSOL, I discovered. It's cool, huh? Staking allows for the possibility of generating dividends while still maintaining SOL liquidity. They further enhance the offer by splitting the transaction revenue from Solana's Maximum Extractable Value (MEV) extraction. Though it may sound technical, MEV is simply the process of seizing opportunities for profit through astute transaction execution. The MEV magic can be described as a trading race that is started by a large exchange. It's also seen that the Jito Foundation are taking things to the next level. They've created an open-source validator client to tackle the challenges of MEV. They're all about transparency and minimizing the not-so-cool impacts of MEV. They've also got big plans, allocating chunks of tokens for community growth, ecosystem development, core contributors, and investors. Now, let's get real and dive into the juicy part – what do you think about all this? How do you see JTO tokens shaping the Jito Network's future? Are you excited about the potential or maybe have some concerns? Let's stir up a conversation. Drop your thoughts below and let's unpack the possibilities together. Jito's trending, and your take on it could be the missing piece to this crypto puzzle.
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