Slow Mist Cosine published an analysis on the X platform saying that although there is no conclusive evidence yet, the security incident of Bybit is in line with the characteristics of the North Korean hacker gang from the perspective of the attacker's intrusion method against Safe multi-signature and the current way of money laundering. Cosine cited the previous case of Radiant Capital being hacked by North Korea.
According to on-chain analyst Ember monitoring, although the ETH/BTC exchange rate has fallen to 0.028, there are still giant whales looking down on the ETH/BTC exchange rate: a giant whale has withdrawn a total of 1,444 cbBTC ($138.14 million) from Coinbase in the past two weeks, and then deposited Aave as collateral to borrow 29,025 ETH ($77.60 million) and then transferred to Coinbase.
The White House clarified that Mr. Musk did not work for the newly created Department of Government Effectiveness, although the name was seen as almost synonymous with it. Joshua Fisher, director of the White House Executive Office, said Mr. Musk was a senior adviser to the president and had no higher authority than other senior White House staff. Mr. Fisher said late Monday that Mr. Musk's role was separate from the Department of Government Effectiveness, which he supports.
Although the current technical pressure on gold, the fundamentals are still supporting the overall upward trend of gold. Analysts say that under the current intertwining of multiple factors, the gold market is building a solid foundation for structural strength.
While the content of the executive order signed by Trump on creating a national digital asset reserve is somewhat vague, Martins Benkitis, co-founder and CEO of market maker Gravity Team, has a clear opinion on what the key assets in the reserve should be. According to Benkitis, any digital asset reserve "should be based on Bitcoin." This applies to any country considering creating a digital asset reserve, he said.
Although it believes that supply is growing faster, the IEA expects the oversupply in the oil market to narrow, with Russia being the key...
Dan Levy, a senior analyst at Barclays, released the latest research report and pointed out that although Tesla's four-season performance was poor, investors were relatively tolerant of fluctuations in its short-term performance. This phenomenon can't help but remind people of Bitcoin. Tesla seems to be gradually moving towards "Bitcoin", and its stock price is gradually less correlated with fundamentals, and more influenced by market sentiment and narrative. Barclays mentioned in the report tha...
Although regulators around the world have banned Polymarket on the grounds that it is a gambling platform, lawyer Aaron Brogan has good reason to argue that it is not a gambling platform. Aaron Brogan, a New York-based cryptocurrency lawyer, argues that on the surface, prediction markets are just an online version of gambling, which is not true. "If you are a state-licensed gambling product...
Despite the strengthening of the dollar and real interest rates in early January, gold futures buying is still accelerating. Click to view...
Although the Federal Reserve's monetary policy statement may not change much, Powell's press conference will set the tone for the coming months
Although El Salvador previously reached an agreement with international monetary funds to roll back some of the country's crypto policies, the country still bought 12 bitcoins as its reserves in the past day. In an X post on January 19, the country's national bitcoin office said it bought 11 more bitcoins worth more than $1 million. Meanwhile, it also bought 1 bitcoin on January 20 for $106,000.
Although the US PPI rose less than expected in December, inflation anxiety still hung over the market, and the 30-year US Treasury yield hit a new recent high above 5% on Tuesday. The 30-year yield broke through 5% for the second time since Friday, and the 10-year yield rose to 4.81%, both hitting their highest levels since November 2023. US bond yields have continued to rise in recent weeks, as the market fears that stubborn inflation may prompt the Federal Reserve to stop cutting interest rate...
Trader Eugene Ng Ah Sio wrote: "Although I am generally bearish, I think the price of some tokens has fallen to a level where any form of mean reversion could lead to a sharp price rally. I have started to buy these tokens in small quantities."
Chris Burniske, a partner at Placeholder, wrote on the X platform: "Although BTC is playing with fire, ETHBTC, SOLETH and SOLBTC are still performing well. This makes me think it is not a sign of weakening market risk appetite, but more likely due to liquidity factors at the end of the year, people are sorting out their books for 2024."
Greeks.live analyst Adam wrote that although the European and American markets entered the Christmas holiday, the crypto market rose significantly driven by Bitcoin. Due to the poor market liquidity between the Christmas holiday and the end of the year, price fluctuations require less motivation. In terms of options, short-term implied volatility (IV) has declined from the previous day, and market makers are moving towards the end of the year. IV is expected to remain stable before the end of th...