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@sahamies

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@sahamies
🐋 The Bank of New York Mellon, with $50 trillion in assets under management (AUM), is planning to enter the custody services market for spot exchange-traded funds (ETFs) based on Bitcoin and Ethereum. This move could threaten the dominant position of Coinbase, which currently manages the custody of funds for more than 90% of U.S. spot ETFs.
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@sahamies
The NFT project Flyfish Club will pay $750,000 to the U.S. SEC as part of a settlement. The regulator stated that Flyfish conducted an unregistered offering of securities when it sold 1,600 NFTs to U.S. investors, raising $14.8 million. The purpose of the NFT sale was to finance the construction of a restaurant and bar called "Flyfish Club" in New York. The SEC claimed that the project led investors to expect profits from the business activities and highlighted potential profits from reselling their NFTs at inflated prices.
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@sahamies
The NFT project Flyfish Club will pay $750,000 to the U.S. SEC as part of a settlement. The regulator stated that Flyfish conducted an unregistered offering of securities when it sold 1,600 NFTs to U.S. investors, raising $14.8 million. The purpose of the NFT sale was to finance the construction of a restaurant and bar called "Flyfish Club" in New York. The SEC claimed that the project led investors to expect profits from the business activities and highlighted potential profits from reselling their NFTs at inflated prices.
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@sahamies
CryptoQuant has pointed out the need for an increase in funding rates in the Ethereum futures market for a parabolic rise in the cryptocurrency’s price. The current rate of ~0.0056% is comparable to what was observed in September 2023 before the indicator rose sequentially to levels above 0.015%, experts noted. Coinbase has cited altcoins as the culprit behind Ethereum's stagnation — due to significant declines in their prices, investors find it “difficult to exit” positions. This has “trapped” capital that would otherwise flow through a broader ecosystem like Ethereum.
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@sahamies
FTX/Alameda has begun unstaking Solana (SOL) — a transfer of 177,693 SOL worth $24 million has been recorded, according to PeckShield. In total, the wallet holds over 7 million SOL ($952 million). These assets may potentially be directed to exchanges or OTC platforms for sale and further creditor payments. For example, Alameda sent 143,770 Worldcoin (WLD) to Binance from another wallet, according to Arkham.
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@sahamies
A solo miner has mined a block (https://mempool.space/block/00000000000000000002bbf819cea419c9e3bb0d3f912fe32d655a1d2439a985) on the Bitcoin network and received a reward of 3.169 BTC ($182,000). Since Bitcoin's launch in 2009, solo miners have successfully mined a block only 290 times.
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Sahamies.base.eth 🎭 ⚡️
@sahamies
A solo miner has mined a block (https://mempool.space/block/00000000000000000002bbf819cea419c9e3bb0d3f912fe32d655a1d2439a985) on the Bitcoin network and received a reward of 3.169 BTC ($182,000). Since Bitcoin's launch in 2009, solo miners have successfully mined a block only 290 times.
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Sahamies.base.eth 🎭 ⚡️ pfp
Sahamies.base.eth 🎭 ⚡️
@sahamies
A solo miner has mined a block (https://mempool.space/block/00000000000000000002bbf819cea419c9e3bb0d3f912fe32d655a1d2439a985) on the Bitcoin network and received a reward of 3.169 BTC ($182,000). Since Bitcoin's launch in 2009, solo miners have successfully mined a block only 290 times.
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@sahamies
🕵️‍♂️ The FBI reports (https://www.ic3.gov/Media/PDF/AnnualReport/2023_IC3CryptocurrencyReport.pdf) that in 2023, Americans lost $5.6 billion due to cryptocurrency fraud — over 69,000 complaints were filed during the reporting period. The highest number of complaints came from individuals over the age of 60, with investment pyramids being the most common type of crime.
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Sahamies.base.eth 🎭 ⚡️
@sahamies
🕵️‍♂️ The FBI reports (https://www.ic3.gov/Media/PDF/AnnualReport/2023_IC3CryptocurrencyReport.pdf) that in 2023, Americans lost $5.6 billion due to cryptocurrency fraud — over 69,000 complaints were filed during the reporting period. The highest number of complaints came from individuals over the age of 60, with investment pyramids being the most common type of crime.
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Sahamies.base.eth 🎭 ⚡️ pfp
Sahamies.base.eth 🎭 ⚡️
@sahamies
🕵️‍♂️ The FBI reports (https://www.ic3.gov/Media/PDF/AnnualReport/2023_IC3CryptocurrencyReport.pdf) that in 2023, Americans lost $5.6 billion due to cryptocurrency fraud — over 69,000 complaints were filed during the reporting period. The highest number of complaints came from individuals over the age of 60, with investment pyramids being the most common type of crime.
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@sahamies
📊 Major trader Machi Big Brother, who spent 5200 ETH ($16.7 million) to buy FRIEND tokens, has lost $16 million — his tokens are now worth only $700,000. The price collapse occurred after the project team renounced control over the protocol's smart contracts. Analysts believe the revival of the project is unlikely.
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Sahamies.base.eth 🎭 ⚡️
@sahamies
📊 Major trader Machi Big Brother, who spent 5200 ETH ($16.7 million) to buy FRIEND tokens, has lost $16 million — his tokens are now worth only $700,000. The price collapse occurred after the project team renounced control over the protocol's smart contracts. Analysts believe the revival of the project is unlikely.
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@sahamies
Bearish predictions about the first cryptocurrency falling to the $40,000 level have no basis other than spontaneous fear, according to JAN3 CEO Samson Mow. "Other than spontaneous fear, bears have no grounds to say that Bitcoin will fall to $0.04 million. Bitcoin could just as easily reach $0.1 million. And this is supported by: brrr, +$3 billion debt per day, strategic Bitcoin reserves, pension allocations, and corporate purchases," he wrote. According to the expert, fear can drive the market, but it never lasts long.
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@sahamies
📉 On the night of Saturday, September 7th, the price of the leading cryptocurrency briefly dropped below the $53,000 mark. Bitcoin then recovered to the $54,000 level. The total volume of liquidated positions over the past 24 hours amounted to $315 million, with $219 million of that being long positions.
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@sahamies
The repetition of Ethereum's price peak at $4,878 by the end of the year is "possible but highly unlikely," according to Derive founder Nick Forster : ◽️ ETFs based on the asset are underperforming compared to tech company stocks, which offer "higher returns." ◽️ The options market estimates the probability of returning to the ATH at 10%. In his opinion, three key events need to align for this scenario to happen — Trump winning the election, aggressive rate cuts by the Fed, and a broader increase in global financial liquidity. Recently, CryptoQuant reported that Ethereum's price has significantly "lagged" behind Bitcoin, Solana, and BNB after The Merge and the transition to PoS.
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@sahamies
⚖️ Robinhood will pay a $3,900,000 fine according to accusations of restricting cryptocurrency withdrawals — in 2018 and 2022, the company's clients were forced to sell their assets in order to withdraw funds from the platform. You can view the settlement agreement here. (https://oag.ca.gov/system/files/attachments/press-docs/Robinhood%20Crypto%20settlement%20agreement%20%28Executed%29.pdf)
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@sahamies
The American spot ETF segment is not doing well. There has been a continued outflow from Bitcoin funds for five consecutive trading sessions. Yesterday ended with $287 million in assets withdrawn ($162 million just from Fidelity), marking the largest daily outflow since May. As for Ethereum funds, only one of the seven weeks since their launch saw an inflow.
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@sahamies
Cardano founder Charles Hoskinson is set to be removed (https://x.com/SynthLuvr/status/1830465541208678733) from working on the blockchain in order to “increase decentralization.” According to the developers, the recent Chang hard fork marks the beginning of a new era that will help move from the centralized control of the Cardano Foundation and IOHK to decentralized governance.
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@sahamies
Data on liquidations from exchanges is "fake" and significantly underestimates the actual volumes, according to analysts from K33 Research. According to the research, since 2021, Binance, OKX, and Bybit have made changes to their APIs to conduct one liquidation per second instead of reporting all of them. As a result, we have been seeing understated data for the past three years, the experts concluded, suggesting that this was done deliberately: "This is a PR move. Constantly being at the top of liquidation rankings did not align with their strategy of attracting clients to trade the maximum possible volume."
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