Mid-term Holders' Wallet Sees 170,000 BTC Outflow... Possibility of Increased Volatility
According to CryptoQuant, 170,000 BTC (approximately $14 billion) has been withdrawn from mid-term holders' wallets over the past 3-6 months, which could potentially lead to increased volatility. CryptoQuant warned that "mid-term holders typically move ahead of sharp market fluctuations, and significant price volatility is expected to follow. Mid-term holders are more sensitive to market conditions than long-term holders but less impulsive than short-term holders, with their movements particularly evident during transition periods. The massive BTC outflow from mid-term holders could signal increasing uncertainty or strategic positioning before anticipated market events. In either case, it suggests that significant movement is approaching, though its direction remains uncertain."
BTC Whales Accumulating Over 3 Times New Mining Supply
Cointelegraph reported, citing Glassnode data, that Bitcoin whales are injecting 300% of newly mined BTC supply, while Bitcoin outflows from exchanges continue to expand. This trend suggests increasing preference for self-custody and long-term investment. The media noted that "whales are accumulating Bitcoin despite potential downside risks from macroeconomic factors" and that "Bitcoin has broken out of its months-long descending wedge pattern, indicating a possibility of crossing $100,000 in May."
US Department of Justice Continues Lawsuit Against Former SafeMoon CEO
Despite announcing the dissolution of the National Cryptocurrency Enforcement Team (NCET) in April, the US Department of Justice will continue its lawsuit against former SafeMoon (SFM) CEO Braden John Karony. According to Cointelegraph, he is facing charges of securities fraud conspiracy, wire fraud conspiracy, and money laundering conspiracy for allegedly misappropriating millions of dollars worth of SFM tokens between 2021-2022.
San Francisco Fed President: Rate Cuts Below Two This Year If Inflation Rises
According to foreign media, San Francisco Fed President Mary Daly stated that "while two rate cuts are expected this year, the number could be reduced to less than two if inflation increases." She added, "It's appropriate to lower policy rates gradually without rushing. The only promise the Fed can make is price stability. Currently, the US labor market is stable, but price stability has not yet been achieved."
Belarus Plans CBDC Circulation in Second Half of Next Year, "Closely Collaborating with Russia"
Roman Golovchenko, chairman of Belarus's central bank board, announced plans to launch a CBDC next year. According to Daily Hodl, the digital Belarusian ruble will circulate in the second half of 2026, with support for enterprises to freely use CBDC. The target for state institutions and individuals is by 2027. Golovchenko stated that "the digital Belarusian ruble is one of the central bank's top priorities" and they are currently focusing on resolving security issues. He also mentioned "closely collaborating with Russia" on CBDC development.
Canary Capital Submits Staked TRX ETF Application
Unfolded reported that crypto investment firm Canary Capital has submitted an application to regulatory authorities for a Staked TRX ETF.
Kraken Pro Lists FX Perpetual Futures
Coindesk reported that US-based crypto exchange Kraken has listed FX perpetual futures.
Binance Lists BANK Perpetual Futures
Binance announced through its official website the listing of BANK/USDT perpetual futures on the 18th at 18:30 UTC, supporting up to 50x leverage.
LUCE Drops Approximately 70%... Trading Volume Concentrated on Bybit Futures and Spot Markets
Ublock Chain reported via X that the LUCE Token experienced around a 70% drop, with most trading volume concentrated on Bybit futures and spot markets. Previously, LUCE was selected as the fourth token for Binance Alpha and listed on the Alpha market. According to CoinGecko, LUCE is currently trading at $0.007731, down 70.4%.
BTC Market Cap Dominance at 64%... Highest Since Early 2021
BeInCrypto reported that Bitcoin's market cap dominance within the entire crypto market reached 64%, the highest since early 2021. Bitcoin dominance excluding stablecoins is reportedly around 69%. The media explained that "rising Bitcoin dominance suggests Bitcoin is performing better compared to altcoins, while a decline indicates increasing interest and investment in other cryptocurrencies" and that "Bitcoin dominance has been steadily rising since the end of 2022."
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