A Roundup of Headlines from the Crypto World.
Today’s Top Caps
BTC $83K (-3.6%)
ETH $2737 (-3%)
USDT $1
XRP $1.94 (-2.8%)
BNB $819 (-6.5%)
Source: Coinmarketcap
Today's Top Gainers
2Z, BCH, ASTER, WLFI, PAXG
Source: Coinmarketcap 24HR Top100
Top ETF Tracker
BTC -903M, ETH -261M, SOL +23M
Source: Coinmarketcap / Coinglass
Today's Top Headlines
According to Arkham, 2 ‘snipers’ made $1.3M profit from Jesse Pollak’s creator coin.
The first 2 investors were able to buy up 26% of the coins supply in the same block as it was added to the liquidity pool. They then later sold for their $707K and $619K profit.
Source: Arkham X
Early Bitcoin adopter Owen Gunden has reportedly sold his entire $1.3 billion Bitcoin stack after transferring his final 2,499 BTC to Kraken, selling 11,000 BTC since October.
Source: Coinmarketcap X
According to Lookonchain, the current market drop has led to a wide PnL divergence between Digital Asset Treasury companies.
Strategy's 649,870 BTC($54.52B) bought at $74,433 avg is now sitting on $6.15B(+12.72%) in unrealized profit.
Bitmine's 3,559,879 ETH($9.75B) bought at ~$4,010 avg is now at an unrealized loss of -$4.52B(-31.67%).
Forward Industries' 6,834,506 SOL($874.8M) bought at $232.08 avg is now at an unrealized loss of -$711M(-44.85%).
Source: Lookonchain X
The time honoured tradition of Buy High, Sell Low continues according to Glassnode.
“BTC realized losses have surged to levels last seen during the FTX collapse, with short-term holders driving the bulk of the capitulation. The scale and speed of these losses reflect a meaningful washout of marginal demand as recent buyers unwind into the drawdown.”
Source: Glassnode X
Coinbase is acquiring VECTORDOTFUN, an onchain trading platform built on Solana, whose tech will plug directly into Coinbase to help better serve one of crypto’s most active ecosystems.
It is being suggested that insiders knew of the deal as yesterday the Tensor token, which is associated with Vector went up 400% for no reason at all. Please be careful if you are planning on trading Tensor however, as it has since been confirmed that the Tensor token and NFT marketplace are not part of the Coinbase deal after all.
Source: Coinbase X
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About 65 crypto organizations are calling on President Trump to bypass Congress and direct federal agencies to immediately clarify digital asset regulations.
Source: Coinbureau X
Bloomberg reports that Bitmain, the manufacturer of Bitcoin-mining machines, has been under a U.S. national security investigation over concerns its hardware could be remotely manipulated or used for espionage.
The probe was triggered by Bitmain devices operating near a U.S. military base and echoed by a Senate Intelligence Committee report warning of “disturbing vulnerabilities.” Bitmain denied the allegations, stating its equipment cannot be remotely accessed or controlled and poses no espionage or sabotage risk.
Source: Bloomberg / WuBlockchain X
Until Next Time, Stay Frosty!
