Coin Bureau

👀 JUST IN: ARTHUR HAYES SENDS MORE $ETH TO BINANCE Arthur Hayes sent 682 ETH (~$2M) to Binance a few minutes ago. Notably, this follows a similar sale of ETH from last week. If patterns repeat, the proceeds from the ETH sale may likely be used to purchase DeFi tokens such as $ENA, $PENDLE and $ETHFI.

📊 WITH INFLATION, BITCOIN NEVER REALLY HIT $100K Galaxy Research says that when Bitcoin’s price is adjusted for inflation using 2020 dollars, BTC actually topped at $99,848. Nominal highs hit differently after inflation.

💰 FORMER FTX US PRESIDENT RAISES $35M FOR TRADFI PERPETUALS EXCHANGE Former FTX US president Brett Harrison has raised $35 million for his startup, Architect Financial Technologies. The startup is developing AX - a regulated exchange for perpetual futures tied to traditional assets like equities and foreign exchange, using crypto-inspired market designs.

‼️ RUSSIA MOVES TO LEGALIZE DOMESTIC CRYPTO DEALS FOR RETAIL BUYERS! Russia's central bank has proposed a new regulatory framework to legalize domestic cryptocurrency transactions for retail investors. This marks a reversal from its earlier stance advocating a ban in early 2022.

🤔 METAL SEASON instead of an ALTSEASON?

⚡️JUST IN: 🇺🇸 S&P 500 closes above 6,909 for the first time in ever.

⚡️JUST NOW: 500,000,000 USDC minted at USDC Treasury

🚨 ONLY 3% OF BINANCE ALTCOINS TRADE ABOVE 200-DAY SMA Nearly 97% of altcoins on Binance are trading below their 200-day moving average, one of the most oversold readings on record, comparable to COVID-era lows. Historically, readings near 0% have marked accumulation phases, while near 100% levels have coincided with market euphoria and Bitcoin cycle tops.

🚨CRYPTO FEAR EASES BUT SENTIMENT STILL WEAK Crypto market index is now at 29, still FEAR, but pulling away from extreme panic.

🚨ARIZONA MOVES TO CUT CRYPTO TAXES 🇺🇸Arizona State Senator Wendy Rogers has introduced bills to exempt crypto from state taxes, block local taxes on blockchain nodes, and clarify digital assets in the state constitution.