Luna Foundation’s Bitcoin Wallet Holds $1.1 Billion in Bitcoin

The Russian Prime Minister said that it is necessary to integrate cryptocurrencies into the country's financial system. The cryptocurrency issue should be solved together with the central bank to assess the risks posed by cryptocurrencies to the circulation of Russian currency. At the same time, the Russian Central Bank granted Sberbank, Russia's largest bank, a license to issue digital assets. This shows that Russia's financial system has been pushed to the brink by European and American sanctions, and cryptocurrency has become a lifeline for Russia at the moment. Yesterday, Russia has begun to consider exchanging energy with Bitcoin. Once implemented, the production and circulation of cryptocurrency will become a closed loop, that is, mining cryptocurrency through energy and using cryptocurrency to purchase energy, which will greatly promote the development of the entire ecosystem. The Russian-Ukrainian war not only made Russia ready to fully embrace cryptocurrency, but also let the world see the unreliable side of the US dollar, which will allow more wealthy people to own cryptocurrency in their asset allocation.

Kraken Bank, a subsidiary of Kraken, a large American cryptocurrency exchange, obtained a routing number from the American Bankers Association today, which means that the bank has fully connected to the SWIFT system and the global banking system. This is the first step for the Americans to harvest the world with cryptocurrency. In the future, as long as you are compliant here in the United States, I will accept your legal currency and connect directly with the exchange. This will bring huge growth to the cryptocurrency industry. Combined with overseas accounts opened on the Internet, it will form a comprehensive suppression for countries with foreign exchange controls, making it more difficult to control, and injecting great vitality into the US dollar and cryptocurrency markets.

Rio de Janeiro, Brazil's second largest city, will support the use of Bitcoin to pay real estate taxes starting in 2023, which means that Bitcoin will become a legal tender asset fully supported by the city. This is expected to be a test. Once the test is successful in the future, Brazil's full embrace will soon come. Bitcoin's dividend period is still 3-5 years, and we must make the most of this wave of easy profits.

The UK will announce its cryptocurrency regulatory system in the coming weeks. The UK regulators should be very anxious now. After all, the crypto market mostly uses US dollar stablecoins, which will cause a certain loss to the pound market. Therefore, the overall logic of regulation should be to regain market share. Therefore, Kuangren believes that it will be good news for a full embrace. After the regulation, institutions will participate more clearly.

Italian luxury retailer Michele Franzese Moda accepts cryptocurrency payments. In fact, as long as it involves global payments, cryptocurrency will be their only choice. It is fast, low-cost, extremely transparent, and has no disadvantages.

Pantera Capital CEO U^j, as the interest rate hike cycle arrives, bonds, stocks and real estate will be in trouble, while cryptocurrency investment will more than double. Historically, the correlation between Bitcoin and the S&P 500 generally lasts 72 days. Over time, the correlation will break, which makes him think it is bullish now.

ARK Fund sold 33,738 shares of GBTC from March 22 to 24, which is not too much. Compared with GBTC, buying and selling Coinbase is more directional, so this signal is not too bad.

Panic Greed 49, level neutral.

Bitcoin: The Bitcoin wallet of Luna Foundation holds 1.1 billion US dollars worth of Bitcoin, and it bought more than 100 million overnight. It is really targeting the richest man in Bitcoin. As long as his buying continues, the price of the currency will not fall. 45,000 is still a super strong pressure point. If this position is broken through in one fell swoop, the upper side will be in sight before 58,000.

Ethereum: There is some pressure above 3300, and if it goes horizontally at this position, there is hope for an attack.

ETC: It has appeared slightly weak recently and is expected to continue to adjust.

DOGE: Musk said he was considering building a new social media platform and hinted that Dogecoin would become his reward currency. Currently at the pressure point, the probability of going up directly is not high, and it still needs to go sideways.

Overall, it is still gathering momentum, and all kinds of mainstream currencies are expected to break upward within three days.