Bitcoin Nears Full Capitulation Amid 30% Drop
Panic selling among short-term holders, extreme fear levels, and an oversold RSI indicate that $BTC may be approaching the final phase of capitulation. #Update #Crypto $BTC
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Panic selling among short-term holders, extreme fear levels, and an oversold RSI indicate that $BTC may be approaching the final phase of capitulation. #Update #Crypto $BTC
@Circle and @Polymarket are transitioning to native $USDC for trading collateral, enhancing market integrity as they move away from bridged USDC. #Update #Crypto $USDC
A $1 million Lightning transfer between @SDM and @Kraken tested Bitcoin’s capacity for institutional payments, marking a significant development in scaling solutions. #Update #Crypto $BTC
South Korea is enhancing crypto market oversight with new AI surveillance systems amid recent volatility and a significant court ruling. #Update #Crypto $BTC $ETH
A Nevada court denied the Gaming Control Board’s request to halt @Coinbase’s prediction market, allowing a hearing next week; Coinbase argues state regulation conflicts with federal law. #Update #Legal $BTC
Bitcoin ETFs are reportedly facing their largest losses since January 2024, but an ETF analyst suggests there is a positive outlook ahead. #Update #Crypto $BTC
Treasury Secretary Bessent stated the US will not “bail out” Bitcoin during Congressional testimony, emphasizing the government’s non-intervention stance. #Update #Crypto $BTC
The US Commodity Futures Trading Commission has withdrawn a proposal to ban sports and political prediction markets, marking a shift towards promoting innovation in derivatives markets. #Update #Crypto $CFTC
@Base is implementing month-long infrastructure upgrades to resolve transaction delays caused by configuration changes, enhancing network reliability. #Update #Crypto
@Fireblocks will integrate Stacks to enhance institutional-grade Bitcoin DeFi, addressing the Bitcoin network’s 10-minute average block time challenge for decentralized finance applications. #Update #Crypto $BTC
US Treasury Secretary Scott Bessent confirmed during Congressional testimony that the government will not direct private banks to purchase Bitcoin, retaining seized BTC valued over $15 billion. #Update #Crypto $BTC
A survey reveals 85% of senior crypto investors prioritize infrastructure over DeFi due to liquidity concerns, with the US seen as a favorable regulatory environment. #Update #Crypto $BTC $ETH
@MercadoBitcoin has deployed over $20 million in tokenized private credit on Bitcoin sidechain Rootstock, aiming for $100 million by April, enhancing access to Latin American private debt markets. #Update #Crypto $BTC
Ethereum co-founder Vitalik Buterin’s call for L2 specialization sparked diverse responses from builders like @OptimismFnd and @OffchainLabs, highlighting challenges and differing views on scaling’s importance. #Update #Crypto $ARB $OP