CryptoSlate - The big nickel short
The big nickel shortCryptoSlate's latest market report dives deep into the nickel crisis that began in March 2022, to analyze the overlooked crisis' effect on the crypto market.Happy α Sunday 💪⛓️🚀Our Sunday newsletter is dedicated to the recent content from CryptoSlate Alpha, the web3 membership designed to empower you with cutting-edge insights and expert knowledge. Built on top of Access Protocol, Alpha is incredibly easy to join — you only need a Solana self-custody wallet and a small amount of ACS tokens to stake, which will grant you access to all research and reports. For more information, see more about CryptoSlate Alpha. α Weekly ReportThe big nickel shortCryptoSlate's latest market report dives deep into the nickel crisis that began in March 2022, to analyze the overlooked crisis' effect on the crypto market. α Weekly ResearchBitcoin and S&P 500 decouple from net liquidityUnraveling the decoupling of Bitcoin and the S&P 500 from net liquidity and its potential impact on market dynamics. Why some hedge funds are shorting U.S. banksMixed results from the Federal Reserve's bank stress test are in line with the increased shorting of U.S. regional banks. CryptoSlate explores the effects this could have on Bitcoin. α Top Insights
More α ResearchBitcoin’s breakup with gold may be a sign of crypto’s emerging maturityBitcoin's correlation with gold reached its yearly low on June 30, suggesting a decoupling from other assets. Stablecoin buying power on exchanges increases as BTC and ETH see outflowsJune brought on a significant increase in stablecoin buying power on exchanges, indicating there could be an increase in buying pressure on the market amid large Bitcoin and Ethereum outflows. Bitcoin miners sent 260% of their daily revenue to exchangesA small drop from the all-time high on June 22, when miners sent an equivalent of 315% of their daily mining revenue to exchanges. |
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US presidential candidate RFK Jr.’s financial disclosures reveal up to $250,000 in Bitcoin
Saturday, July 8, 2023
Kennedy has been a vocal supporter of the crypto industry since he began his campaign.
New ERC-20 token VMPX triggers Ethereum burn spike, consumes $3M in gas fees in 24 hours
Friday, July 7, 2023
The VMPX token website does not provide any information about its utility and some are questioning its purpose.
Celsius moves altcoins to new wallets in preparation for Bitcoin and Ethereum conversion
Thursday, July 6, 2023
The bankrupt firm moved some of its altcoin and stablecoin holdings to crypto firms like Wintermute, Paxos and Fireblocks.
Ripple executives applaud UK crypto regulations, claim US lags behind
Tuesday, July 4, 2023
The United Kingdom recently approved a bill that made crypto trading a regulated financial activity within the country.
SEC dismisses rumors of chairman Gary Gensler’s resignation
Monday, July 3, 2023
The crypto community had reacted positively to the fake news of Gensler's resignation.
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