danathan048345

@danathan048345

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@danathan048345

Taking it easy today. Just relaxing. Time to recharge.

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Cryptocurrency derivatives traders suffered more than $1 billion in liquidations in the past 24 hours as fears of a looming trade war sent markets tumbling, according to data from CoinGlass.

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Following the re-election of President Donald Trump in the United States and the resignation of former SEC chairman Gary Gensler, federal regulators radically altered their posturing toward the crypto industry.

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The Fidelity Wise Origin Bitcoin Fund (FBTC) led the day’s losses with a new record $344.7 million in outflows, while BlackRock’s iShares Bitcoin Trust (IBIT) followed up with an outflow of $164.4 million.

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Keiran Warwick, founder of GameFi studio Illuvium, attested to this, telling Cointelegraph last April that VCs have since expanded their checklists and want to see gameplay, artists, developers, security audits and more.

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https://warpcast.com/b4823917/0xd2099b30

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https://warpcast.com/b4823917/0xd2099b30

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https://warpcast.com/b4823917/0x263fe0f1

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Lower interest rates are a bullish catalyst for cryptocurrencies and other risk-on asset classes, as access to cheap credit encourages market participants to borrow capital to purchase investments and businesses.

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The adviser added that long-term rates have already come down since the Trump administration took office, citing a 40 basis point reduction in 10-year Treasury rates as evidence that the market believes inflation is coming down.

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Coinbase CEO Brian Armstrong initially filed a Freedom of Information Act request to obtain letters sent by the FDIC in 2022 asking banks to pause crypto-related activities.

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Kekius Maximus is a mashup of the internet meme Pepe the Frog and Maximus Decimus Meridius, the main protagonist of the 2000 film Gladiator, played by Russell Crowe.

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Elon Musk’s brief name change on X to “Kekius Maximus” — a reference to a Pepe-Gladiator meme — has seen one lucky memecoin trader turn $66 of Ether into as much as $3 million in just 18 days.

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The approval makes Binance the first crypto exchange to have a broker-dealer license in Brazil.

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The approval allows Binance to acquire São Paulo-based investment platform Sim;paul, a licensed broker-dealer authorized to distribute securities and issue electronic money (EMI), according to an announcement shared with Cointelegraph.

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Based on current futures market data, the aggregated premium of futures positions has turned bearish for the first time since Nov. 6. This highlights that over the past few days, more short positions have become active with respect to long positions, dragging prices back below the $4,000 mark.

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Data from CoinGlass indicated that Ethereum’s future open interest reached a new all-time high of $28.70 billion on Dec. 17. While most futures traders have targeted long positions throughout November, the current sentiment might be turning momentarily bearish.

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As illustrated in the chart, the $4,0000 weekly resistance has been tested five times since 2021 and thrice in 2024, but a bullish breakout above the level has eluded Ethereum.

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This is ETH’s third rejection at $4,000 in 2024, a level proving to be a strong weekly resistance during the past two attempts earlier this year.

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On the other hand, a resurgence in buying pressure could push the crypto market cap toward its all-time high of $3.73 trillion, reached on Dec. 16.

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