Bitcoin: Several dormant whale addresses activated

The Russian Ministry of Defense will stop military activities near Kiev and Chernigov, showing its sincerity and creating a good start for the Russian-Ukrainian dialogue. After the Russian-Ukrainian negotiations last night, the head of the Russian delegation, Mezinsky, said that the meeting between President Putin and Zelensky could be held at the same time as the diplomatic peace treaty between the two countries. Since then, US stocks have risen and gold has fallen. With the expected arrival of world peace, risky assets are expected to rise further. Today, northbound funds in A-shares have also returned again, indicating that the uncertainty of global war has been greatly reduced.

Luna Foundation continues to buy Bitcoin. Today, the address has increased 2,943 Bitcoins, worth $140 million. At the same time, it has transferred 139 million USDT to Binance. The continuous purchase has increased the confidence of Bitcoin investors. Its CEO said that they will become the world's largest Bitcoin holder besides Satoshi Nakamoto. The purchase progress of $10 billion is still more than 80%. With the expectation of continued purchase, the market is likely to remain strong. At present, its address has $840 million in cash available for purchase.

The survey shows that 91% of Americans have heard of cryptocurrencies, 19% say they own them, and 51% believe that cryptocurrencies will subvert traditional finance. The popularity of cryptocurrencies in the United States is indeed too high. It is already a fully mature market with little room for growth. In the future, it will mainly be emerging countries that will take over for Americans.

A Goldman Sachs survey shows that half of U.S. financial institutions have already been exposed to cryptocurrencies, up from 40% last year, and there is still room for institutions to increase their exposure.

The Korean banking industry proposed that the government allow banks to provide crypto asset business. Currently, the United States and South Korea are the most mature in the world. The crypto market and traditional market are most closely connected, and there are already signs of mutual conversion. This maturity will facilitate more financial institutions to participate in crypto investment. For us, there is still a long way to go.

HBAR launched a $155 million Defi fund, with $60 million used for liquidity mining. Institutions are beginning to participate in the Defi field, which is also the reason why Defi has continued to be strong recently. Decentralized finance still has development potential.

MicroStrategy has completed a $200 million mortgage loan using Bitcoin. With this, there is liquidity. Maybe in the future, they can make a nesting doll, buy Bitcoin-take a loan-buy Bitcoin again-take another loan... This method first started in the real estate field, and now it is used in currency, which is also good. Maybe the LUNA Foundation and MicroStrategy will compete fiercely for the first place in Bitcoin holdings, and hold a Bitcoin buying competition to buy 100,000 Bitcoins.

Meitu announced the fair value of the Bitcoin and Ethereum it bought last year. As a result, it lost 28.5 million yuan in Bitcoin and made 425.6 million yuan in Ethereum. Overall, it is still a big money-making business. Ethereum's development this year is indeed much faster than that of Bitcoin, and it is expected to remain the same in the future.

Last night, the Ronin cross-chain protocol was stolen, and a total of 600 million US dollars were lost, of which Ethereum accounted for the vast majority. At present, it cannot be ruled out that it was an inside job. The stolen funds have begun to flow into the exchange. Crazy people think that it is possible that Axie itself found that it could not increase its growth, so it simply took away the pool and was done with it. In short, this incident is bad news for AXS and SLP, so avoid it in the short term.

Fear Greed 55, still greed.

Coin News:

Bitcoin: Several dormant whale addresses have been activated, with about 15,000 bitcoins. This price is already attractive to many long-term holders. It is expected that more whales will wake up when the price is above 58,000. There were 3,266 transactions of more than $100,000 from 10 o'clock last night to 2 o'clock in the morning, indicating that the turnover and game between large investors are continuing, and the upward trend has not ended. Be patient and hold.

ETH: Three Arrows Capital continued to increase its holdings of 71,311 ETH within 5 hours, with a value of more than US$242 million. Ethereum is still the core asset of the currency circle, and there is a high probability that it will continue to explode in the future.

GMT: With a market value of $1.2 billion, GMT’s trading volume on Binance exceeded $2.8 billion today, and its turnover rate has exceeded 200%. It is almost impossible to complete the relay with such a turnover rate. Don’t be foolish because of FOMO, and you can take profits now.

ADA: The locked volume exceeded US$300 million, with a monthly increase of 50%. The large-scale transaction volume is 50 times that of 2022. Although the data growth is impressive, the base is too low. Overall, it is still seriously overestimated.

REN: The total transaction volume of the protocol has exceeded 10 billion US dollars. With the rise of Bitcoin and the development of Defi, this cross-chain protocol still has room for growth.

Astr: The total locked-in amount has exceeded 1 billion US dollars, accounting for half of the locked-in amount on the Polkadot chain. If you are optimistic about the Polkadot ecosystem, it should become the leader. A little-known protocol has a locked-in amount that is three times that of the ADA ecosystem. The market value of ADA is more than 40 billion, while the circulating market value of this coin is only 300 million US dollars.

FLOW: On-chain NFT sales have exceeded US$1 billion. The overall development of the public chain is relatively slow, but fortunately the position is not high and there is still hope.