SEC delays decision on listing and trading spot bitcoin ETF options, asks for public comments

#XRP/USDT ANALYSIS

XRP is currently exhibiting movement within a descending triangle pattern. It recently rebounded from both the MA 200 and horizontal support levels. However, it encountered resistance from the Ichimoku cloud.

A significant increase in volume, coupled with a decisive breakout from the triangle, would confirm a bullish trend. Conversely, a sustained breakdown below the triangle would signal a bearish trend.

#BTC/USDT ANALYSIS

BTC has been rejected by both the Ichimoku cloud and the MA 50. Currently, it is moving towards horizontal support. Bulls must defend this horizontal support, as a solid breakout of the Ichimoku cloud would confirm bullish momentum.

BREAKING: Founders of Samourai Wallet have been arrested and charged with running an unlicensed money transmitting business that executed over $2 billion in "unlawful transactions" ??

#ALTS MARKET CAP ANALYSIS

The ALTS market cap has pumped from the historical trendline support, with the MA 100 also providing support. The MACD crossover is turning bullish. Currently, the price is within the Ichimoku cloud, indicating indecision.

A breakout above the Ichimoku cloud would strongly confirm bullish momentum, while a rejection would suggest a retest of the historical trendline support.

Binance founder Changpeng Zhao should spend 3 years in prison, DOJ says — link | tl;dr

Binance founder Changpeng Zhao should spend 3 years in prison, DOJ says — link | tl;dr

? Bullpen Brief - 4.21.24 ?

Exactly 6 months ago, I sent out the first post for Bullpen Brief. My thought process behind it was to share interesting posts from crypto Twitter that others could benefit from instead of stashing them away in a private bookmarks folder. Crypto is a noisy space with a high learning curve and it’s generally hard for people, especially newcomers, to source good information. Even crypto-natives struggle to stay on top of the latest narratives in this space. The brief was, and continues to be, an experiment in exploring the feasibility and scalability of democratizing access to crypto market information.

Since publishing the first brief on October 21, 2023, we’ve gained over 8,500 subscribers and have flagged countless narratives months before they gained mainstream attention. One concrete example of this is the Runes standard, which we first mentioned in our market commentary on November 13, 2023 amidst the spike in ordinals activity at the time. Seemingly nobody was talking about Runes then. 5 months later, it’s emerged as one of the most popular narratives on crypto Twitter.

Runes is just one of many examples that underscore the information asymmetries we have in crypto. Until we close these gaps, retail will not be able to engage with crypto at a meaningful scale. It’s too difficult to get up-to-speed and separate signal from noise. While Bloomberg exists for equities markets with standardized information for publicly tradable stocks, the same can’t be said for crypto markets. The thing that makes this information asymmetry problem especially non-trivial is crypto’s decentralized and permissionless nature. We have been studying this problem space deeply over the past few months, and we have a thesis on how to tackle this in a sophisticated and scalable manner.

Bullpen Brief is actually just one subset of a much broader product roadmap that we’ve been working on for some time. We are excited to share our first iteration of Bullpen Bot (@BullpenFiBot) will be available to beta test. Keep in mind, it’s by no means a final solution. There will be a ton of iteration, and there are lots of features we have on our product roadmap. We will announce when the beta is live on this channel and on Twitter in the coming days. Please feel free to join the waitlist at the link below — we will be opening up access to Bullpen Bot on a first-come, first-served basis.

? Join Bullpen Beta Waitlist → https://t.me/BullpenFiBot

? Subscribe here → https://t.me/BullpenBrief

The cryptocurrency market is witnessing a resurgence in confidence as Bitcoin’s influential whale tier, holding between 1,000 to 10,000 BTC, continues to show unwavering support. Recent data reveals that these major players have amassed an additional 266,000 BTC since January 2024, increasing their control by 1.24% of the total circulating supply. Currently, these whales hold a staggering 25.16% of all Bitcoin, indicating a concentrated vote of confidence in the digital asset’s potential.
This uptick in accumulation has coincided with a growing sense of FOMO among retail investors, who are keenly watching the whale’s moves. As sentiment reaches levels not seen since the peak periods in early March, the market is abuzz with anticipation. Observers note that the whales’ actions are not just a signal of market stability, but also a catalyst for potential upward price trajectories. With Bitcoin’s key players steering the ship, the market sentiment is leaning positively, suggesting bright prospects for the leading cryptocurrency.