Author: dfmines

The SEC’s 50-person crypto unit is getting a shakeup with some staff reassigned to other areas, The New York Times reports.

The company’s bitcoin holdings have exceeded its market cap following the purchase of an additional $2 million worth of bitcoin. Genius Group Hits 38% of Intended Target for Bitcoin Holdings With Recent Acquisition Genius Group Limited has announced the increase of its bitcoin holdings to 440 BTC, investing a total of $42 million at an […]

Reading that it could potentially reduce fees and increase scalability. Is this a big deal or just a minor change? I know it’s been one of the pain points with ETH over the years but I don’t quite understand the impact. submitted by /u/lastoutofdodge [link] [comments]

The recent price slump in Bitcoin, caused by a turbulent cryptocurrency market, has sent many investors into panic mode, forcing them to offload their BTC holdings at a loss. However, blockchain analytics firm Glassnode noted that a group of Bitcoin investors remained resilient despite the crypto market volatility, saying that long-term holders of the firstborn crypto are unshaken by the current market slump. Related Reading: Bitcoin Bull Market At Risk If Key $97,000 Support Level Fails To Hold, Analyst Warns Long-Term Holders ‘Largely Unaffected’ Glassnode said that Bitcoin, like other cryptocurrencies, experienced a shaky week in which traders saw the world’s most dominant digital asset crash below the $100,000 level. At one point, Bitcoin’s price nearly hit the $90,000 level, at $92,800, on February 3, which was the lowest since BTC recorded $90,890 on January 13. On the brighter side, the blockchain analytics firm noted that BTC’s long-term holders seem insulated from all the chaos surrounding the cryptocurrency community, saying, “#BTC’s long-term holders (LTHs) remain largely unaffected.” Glassnode revealed that data showed nearly 0.01% of the supply of these BTC holders was in loss, emphasizing the resiliency of long-term investors in times of market turbulence. However, the crypto firm remarked that these Bitcoin investors experienced a decreasing unrealized profit. “However, their unrealized profit share has steadily declined since November, now at its lowest since September – suggesting no renewed accumulation yet,” Glassnode said in a post. The analyst noted that BTC holders are not aggressively buying at current prices, possibly waiting for better market signals before resuming accumulation. Bitcoin Short-Term Holders Bleed Meanwhile, data showed that another segment of Bitcoin investors suffered the most from the market crash – short-term holders. According to Glassnode, short-term BTC holders experienced a significant loss after the crypto’s price slid below the $100,000 level, causing panic among these traders. #Bitcoin dipped below $100K over the weekend, pushing a notable amount of short-term holder (STH) supply into loss. At $97K, the supply in loss & profit held by STHs was evenly split at ~11% – the largest loss exposure for STHs since early January: https://t.co/Drjy6ahQMm pic.twitter.com/gypNiJ0BqX — glassnode (@glassnode) February 3, 2025 Glassnode said that when Bitcoin plummeted to $100,000 over the weekend, it pushed “a notable amount of short-term holder (STH) supply into loss.” “At $97K, the supply in loss & profit held by STHs was evenly split at ~11% – the largest loss exposure for STHs since early January,” the blockchain analytics firm said in an X post. Bearish Market Sentiment An analyst noted that Bitcoin briefly dipped so low that it nearly hit $90,000 per coin, as the dominating crypto suffered after the market crash. “Bitcoin plummeted to as low as $91.2K as all of crypto has dipped with world stock markets starting the week with heavy bleeding. Media outlets seem to be attributing plummeting sectors to ‘Trump’s trade war’,” market intelligence platform Santiment said in a post. 😰 Bitcoin plummeted to as low as $91.2K as all of crypto has dipped with world stock markets starting the week with heavy bleeding. Media outlets seem to be attributing plummeting sectors to ‘Trump’s trade war’. Whether this is the primary reason or if there are other… pic.twitter.com/ij1bQ6xfUu — Santiment (@santimentfeed) February 3, 2025 Related Reading: Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation Santiment added that there have been overwhelmingly negative reactions from investors in the cryptocurrency community as a result of the price decline, and for a moment it seems BTC is about to enter bearish territory. The market intelligence platform noted that at the moment, Bitcoin was able to pull back to $96,000. “Was this flush orchestrated to get trigger-happy retail traders to sell at a local bottom? Historically, markets virtually always move the opposite direction of the crowd’s expectations,” Santiment asked in a post. Featured image from Pexels, chart from TradingView

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But perhaps his most serious allegation is that Coinbase appears to be doing little to curb the issue. America’s Largest Cryptocurrency Exchange Has Failed to Protect Its Users, According to an Onchain Analyst Pseudonymous onchain analyst Zachxbt claimed on Monday that Coinbase users, many of them elderly, have lost more than $300 million annually to […]

Looking to get more feedback on experiences using Eigenlayer to restake. For those that have used it, is it worth it? What kind of APY should I be expecting and which Operator do you use? Any other feedback would be great! Thanks! submitted by /u/TitanBaseball2 [link] [comments]

Bitcoin’s price over the past sixty minutes ranged from $96,318 to $97,286, with a market capitalization of $1.92 trillion and a 24-hour trade volume of $70.59 billion, while intraday trading spanned from $96,318 to $102,614. Tuesday’s dump follows the U.S. crypto czar telling the press the President asked him to “evaluate” a strategic bitcoin reserve. […]