• Bitcoin recently surged beyond $26,000 as interest rate expectations flip.
• The market feared for the solvency of the USDC stablecoin after Silicon Valley Bank and Silvergate collapse.
• Market expectations shifted towards a more dovish stance on future rate hikes with a 72% chance of no hike at next week’s meeting.

Bitcoin Surges Beyond $26K

Bitcoin has surged beyond $26,000 as interest rate expectations flip due to the recent shutdown of three crypto banks. Inflation readings have provided additional impetus as investors dream of a return to lower interest environment and surging crypto prices.

USDC Stablecoin in Danger

The market was particularly concerned with the fate of USDC, the second biggest stablecoin on the market, when news broke that 8.25% of its reserves were held in SVB. Fortunately, the US administration intervened to guarantee deposits would be made whole again, helping to allay fears and kickstart crypto rebound.

Interest Rate Expectations Flipped

The banking sector’s wobble caused an unexpected shift in market expectations surrounding future path of interest rate hikes. With such creaking evident, markets now believe that Fed is more or less done with hiking rates for now – Fed futures currently imply a 72% chance of no hike at next week’s meeting.

Risk Assets Decoupling from Bitcoin

Although this could be considered good news for crypto enthusiasts, there are still reasons for caution moving forward. For example, since the start of 2021 there have been nothing but bearish developments regarding cryptocurrencies and their respective networks – such as the closure of three crypto banks mentioned earlier which will hurt industry growth over time. Additionally, unusual decoupling from other risk assets has been observed since 2021 when it comes to upside movements in bitcoin prices – something which should not be overlooked going forward..

Conclusions

In conclusion then although bitcoin appears to have found some respite after its recent surge past $26K mark – thanks largely to shifting perceptions regarding future rate hikes – there still remain several issues which investors need to keep an eye on before making any decisions about investing into cryptocurrencies going forward

• Silvergate Capital Corp (NYSE: SI) announced that it has decided to wind down operations and liquidate the Silvergate Bank.
• Shares of Silvergate Capital Corp crashed about 40% in extended hours on Wednesday after the crypto bank confirmed that it has decided to wind down operations.
• Silvergate currently has more than $11 billion in total assets.

Silvergate Stock Crashes After Wind Down Announcement

Silvergate Capital Corp (NYSE: SI) shares dropped by 40% in extended hours on Wednesday after announcing plans to wind down operations and liquidate the Silvergate Bank. The company, which had over $11 billion in total assets at the time of announcement, is now facing close to 75% losses since the start of 2023.

Wind Down Plan

In light of recent industry and regulatory developments, Silvergate believes that an orderly wind down of Bank operations and a voluntary liquidation of the Bank is the best path forward. The California-based company had already reduced its headcount by 40% back in January as part of cost-cutting measures before making this call today. Centerview Partners LLC will serve as financial advisors while Cravath, Swaine & Moore LLP will provide legal advice throughout this process.

Discontinuation Of Crypto Payments Network

The press release also stated that full repayment of all deposits was included in their wind down plan along with resolution for claims and preservation for residual value for its assets. Last week, Silvergate discontinued one of its core offerings – the Silvergate Exchange Network (SEN) but clarified that its other deposit related services were still operational at that time.

Competition From Signature Bank

Silvergate is not only crypto bank with these kinds of struggles; Signature Bank holds more than $114 billion in assets but is also struggling due to similar issues regarding industry regulations. This shows how difficult it can be for smaller companies to stay afloat when faced with such large competition from bigger players like Signature Bank who have been able to survive despite changes in regulations due to their larger asset reserves and stronger infrastructure support.

Conclusion

Overall, this news comes as a major blow for investors who had put their faith into this crypto bank only a few months ago when prices were much higher before they started plummeting recently due to various factors including industry regulations and competition from larger banks like Signature Bank who are better equipped to handle such changes. In any case, we’ll have to wait and see what happens next as more details emerge about this winding down process which could take some time given its complexity

• Cerus Markets is launching its Mobile Trading App Giveaway, offering traders the chance to win a share of $10,000 in cash.
• The Mobile Trading App will allow traders to access derivatives that enable speculation on global Stocks, Commodities and Metals trading paired against currencies and crypto with leverage up to 100:1.
• To register for the Giveaway, visit cerus.app and download the trading app once it becomes available.

Cerus Markets Launches its Mobile Trading App

Cerus Markets is excited to launch its Mobile Trading App! With its revolutionary way to trade digital assets, traders will be able to access derivatives that enable speculation on major global Stocks, Commodities and Metals trading paired against currencies and crypto – all with zero fees and leverage up to 100:1.

$10,000 Giveaway

Announcing an upcoming release of its trading platform, Cerus Markets is excited to offer traders an opportunity to be the first to access its Mobile Trading App and take a chance to win a share of $10,000 in cash. A total of three winners will be chosen at random and announced via email and social media: $5,000 awarded for first place winner; $3,000 for second place; $2,000 for third place.

How To Register

To register for the Giveaway visit cerus.app sign up for the waitlist and download the trading app once it becomes available.

About Cerus Markets

Cerus Markets Limited is a multi-asset broker authorized and regulated by the Labuan Financial Service Authority providing access to cryptocurrencies, forex stocks and commodities from one trading platform – all without fees. Users can access from their mobile device or web browser enabling them never miss a trade with as little as $50 entry fee

Contact Information

For more information about Cerus Markets please contact Marketing Director Veronica Imasheva at marketing@cerusmarkets.com

• Amp Price Predictions: Technical analysis points to a brief pullback
• The coin has jumped above the psychological level of $0.0050 and crossed several levels, including the resistance point at $0.0053 and $0.0059
• On-chain metrics show that the number of people using and holding Amp is relatively negligible

Overview

This article provides an analysis on recent price movements for Amp token and what it could mean for its future performance. It looks at technical indicators such as the Relative Strength Index (RSI) and MACD, as well as on-chain metrics to determine if there is potential for further growth or if it will experience a pullback in the near future.

Amp Price Bullish Momentum Continues

The price of Amp has been rising steadily over the past few days, reaching its highest point since September 11th last year. Despite this bullish trend, on-chain metrics show that usage and holding of Amp tokens remain relatively low. This suggests that any further upward movement may not be sustained in the long term unless usage increases significantly.

New York Prosecutors Sue CoinEx

In a statement released recently, New York’s attorney general announced that they had sued CoinEx, a small cryptocurrency exchange, for offering securities in their platform which included tokens like Luna and RLY as well as Amp. This news could potentially have an effect on the price of Amp depending on how far-reaching its implications are seen to be by investors and traders alike.

Technical Analysis

From looking at technical indicators such as the Relative Strength Index (RSI) and MACD, there is evidence to suggest that there may be potential for further gains in the near future. Specifically, these indicators suggest that Amp has managed to cross several levels including key resistance points at $0.0053 and $0.0059 with high volumes being traded during this period suggesting further growth ahead. However, should it drop below support at $0.0060 then this would invalidate any bullish prediction made here today regarding its continued growth potentials in the short term at least..

Conclusion

Overall, while there is evidence to suggest that there may be some more upside potential for Amp in terms of price appreciation over the coming days or weeks, it remains unclear whether this will be sustainable given its current low usage rates amongst other factors such as news from New York prosecutors suing CoinEx over offering securities with tokens like Luna and RLY alongside Amplifying questions about what effect this could have on its longer term prospects going forward making predictions difficult right now

• CoinTracker’s cryptocurrency tax solution is now available on the Arbitrum, Optimism, and Cosmos blockchains.
• The support is designed to streamline the digital asset tax filing process and enable the use of cryptocurrency with peace of mind.
• The support for these three blockchains comes thanks to their massive record over the past few months.

CoinTracker Expands Crypto Tax Solution

CoinTracker, a market leader in cryptocurrency tax and portfolio tracking for consumers, announced that it had added support for Arbitrum, Optimism, and Cosmos. This will allow users across these chains access to CoinTracker’s seamless crypto tax filing and portfolio tracking solution.

Easing Digital Asset Tax Filing Process

The addition of support for these blockchains was designed to streamline the digital asset tax filing process as well as enable users to use cryptocurrency with peace of mind. CoinTracker seeks to protect users from manually monitoring complex transactions across these blockchains.

Record Over Past Few Months

The support for these three blockchains comes thanks to their massive record over the past few months. Arbitrum and Optimism now combine to process more transaction volume than Ethereum, with their combined total value locked (TVL) representing almost 80% of the entire Layer-2 ecosystem. Furthermore, Cosmos has become one of the leading chains within the blockchain ecosystem and houses some of the most popular decentralised exchanges, including Osmosis.

Calculating Crypto Taxes

CoinTracker seeks to help users calculate crypto taxes accurately by syncing transactions across various blockchains quickly and easily without manual input or guesswork involved. Vera Tzekovenia, COO at CoinTracker said; „At CoinTracker, we’re laser-focused on building products so users can track all crypto activity quickly with ease,“ regardless of platform or token used.

Conclusion

The addition of Arbitrum, Optimism, and Cosmos provides an easier way for users looking to engage in digital asset activities like trading cryptocurrencies while ensuring they stay compliant with local laws regarding taxes owed on such activities by automating this process through its seamless crypto tax filing solutions available on these three chains

• The capped supply of Bitcoin has always offered an intriguing layer to analysis of the enigmatic asset.
• Two-thirds of the Bitcoin supply has not moved in over a year, an all-time high.
• Nearly half the supply – 49.3% – has not moved in over 2 years, and 39% have not moved in 3+ years.

Long-term Bitcoin Holders at All Time High

The capped supply of Bitcoin has always been an intriguing aspect for analysts when looking into this enigmatic asset. Currently, two-thirds of the total Bitcoin supply (19.3 million coins) have not been moved in more than one year – reaching an all-time high. This is a testament to long-term holders who are holding onto their coins despite market carnage.

Percentage of Supply Unmoved Over Time

When expanding on this 1+ year mark, we can see what portion of this 67% have been held for even greater amounts of time: nearly half – 49.3% – have never been moved for 2 or more years; 39% have never been moved for 3 or more years; and 28.1% have never been moved for 5+ years – all reaching all time highs as well. It must also be noted that these numbers could also be attributed to lost coins which cannot be accounted for as well as Satoshi Nakamoto’s estimated ownership over one million coins (5% of the supply).

Price Not Cooperating Despite Theory

The theory behind this dwindling supply squeezing up prices due to the economic theory of demand and supply has yet to prove true, however, with prices still struggling despite these record breaking metrics on unmoved supplies throughout different lengths of time periods..

Average Hold Period At Record High Too

To further demonstrate how long-term holders are increasing within the network, we can look at average hold period which measures how long users keep their coins before they move them again on chain – currently standing at 3.8 years – another record high in itself!

Conclusion

Long term bitcoin holders are continuing to increase despite market conditions showing no sign that it will improve anytime soon – making it clear that there is still faith amongst investors in bitcoin’s future prospects and potential growth opportunities ahead!

• Ethereum’s Shanghai upgrade is set to take place in March, which will release 16.1 million ETH ($26 billion) that was previously staked for the upgrade.
• Transaction volumes and total value locked (TVL) on Ethereum has declined since its peak in 2021 due to a range of macroeconomic and crypto-specific events.
• The recent rise in interest rates from the Fed, combined with collapsing DeFi rates have resulted in capital fleeing from the Ethereum ecosystem.

Ethereum’s Upcoming Shanghai Upgrade

The Shanghai upgrade is one of the most significant events for Ethereum and is slated for March this year. 16.1 million ETH (worth $26 billion at time of writing) has been staked as part of this upgrade, making up 15% of the entire supply.

Decline In Volumes & Value Locked

Since its peak of 1.5 million transactions per day back in 2021, transaction volume on Ethereum has come down but still remains around the million mark. Similarly, total value locked (TVL) on Ethereum has also declined significantly by 74%, now sitting at $28 billion compared to its previous high of $109 billion in November 2021.

Capital Flight From The Ecosystem

The decline in volumes and TVL can be attributed to a range of macroeconomic and crypto-specific events over the last year which have caused capital flight from the Ethereum ecosystem. The recent rise in interest rates from Federal Reserve have offered investors an alternate source of yield, while DeFi rates have also collapsed leading to further outflows from the space.

Impact Of Shanghai Upgrade On Capital Flight

It remains unclear what effect the upcoming Shanghai upgrade will have on capital flight from Ethereum’s ecosystem. With ETH set to become available for sale once more when released from staking contracts, it remains to be seen if it will lead to further outflows or if it could be used as a catalyst for increased investment into the space given its newfound liquidity availability.

Conclusion

The coming months are going to be crucial for Ethereum and its future direction as we approach March’s Shanghai upgrade date that will see millions worth of ETH unlocked and made eligible for sale again into circulation within markets – potentially impacting both prices and investor sentiment towards cryptocurrencies as a whole moving forward..

• The price of the Fantom token, FTM, has risen by 5.9% today and by over 52% in the last week.
• Fantom is preparing for a number of upgrades in the coming days, including the launch of an on-chain funding system Ecosystem Vault.
• The Fantom community is expecting further price movement ahead of a number of upcoming upgrades, including the launch of a new „Go-Opera’s profiling and bottleneck identification“ database called Carmen.

The price of the Fantom token, FTM, has seen a remarkable surge over the past week, with its price increasing by more than 52%. This has been largely attributed to the launch of the on-chain funding system Ecosystem Vault, which was announced by the Fantom team earlier this month. The Ecosystem Vault has been designed to enable the development of decentralized finance (DeFi) services for decentralized applications (DApps) developers.

The launch of the Ecosystem Vault has led to a surge in the price of the FTM token, with the price increasing by 5.9% today. This has sparked speculation amongst investors as to what could be driving the price surge. The Fantom team has now revealed that there are a number of upcoming upgrades that should be ready for release in the coming days.

The first major upgrade to the Fantom blockchain is the introduction of a new ‘Go-Opera’s profiling and bottleneck identification’ database, dubbed Carmen. This new database will allow for faster cryptographic hashes and custom encoding of data, enabling developers to create more efficient DeFi services. The Fantom team has also revealed that they are working on a number of other upgrades, such as improved smart contract security, a new consensus mechanism and enhanced scalability.

Investors are expecting further price movement once these upgrades are released, as they are likely to bring further improvements to the Fantom blockchain. The team has also revealed that they are working on a number of other projects, such as the upcoming Fantom DEX, which is expected to be ready for launch in the near future.

All in all, the upcoming upgrades to the Fantom blockchain are likely to lead to further price appreciation for the FTM token. Investors should keep an eye on the Fantom team’s announcements over the coming weeks, as further price movement could be seen once the new upgrades are released.

• The Play to Earn model of NFT gaming has created a sustainable concept, allowing players to make money by completing in-game tasks.
• However, this model has not been successful in user attraction and retention due to the difficulty of making money in the red market, and the lack of interesting content.
• A new branch of industry is emerging that focuses on developing games that emphasize engagement, emotions and creativity, combined with the best traditions of WEB 2.0 games.

The emergence of Non-Fungible Tokens (NFTs) in the crypto space has been a major driver of growth for the industry over the past few years. Initially, NFTs were used to tokenize virtual items such as cats and collectibles, but the concept has since evolved to encompass more complex applications. One of the most popular implementations of NFTs has been in the gaming industry, where they have been used to tokenize in-game items, resources, and assets.

The Play to Earn (P2E) model has been one of the most popular implementations of NFT gaming, allowing players to earn money by completing in-game tasks. This model was initially successful in attracting users, as they were able to make real money by playing their favorite games. However, this model has since lost traction due to the difficulty of making money in the red market, and the lack of interesting content.

In response to this, a new branch of the industry is emerging that focuses on developing games that emphasize engagement, emotions, and creativity. These games combine the best traditions of WEB 2.0 gaming with the use of NFTs, allowing players to immerse themselves in addictive gameplay and unleash their creativity. By providing an engaging and rewarding experience, these games are able to attract and retain users, creating a sustainable gaming ecosystem.

Moreover, these games are also able to provide users with new ways to make money. By introducing NFTs, users are able to make money through trading, staking, and lending. Additionally, the use of NFTs also allows developers to monetize their games through in-game purchases, subscriptions, and micro-transactions. This creates a sustainable and profitable gaming ecosystem, where players are able to make money while enjoying an engaging and rewarding experience.

As NFT gaming continues to evolve, we can expect to see more innovative ways to use this technology. By developing games that emphasize engagement, emotions, and creativity, developers are able to create a sustainable and profitable gaming ecosystem. This will allow users to make money while enjoying a rewarding and engaging experience, creating an environment where fun and profit can co-exist.

• Metacade, a Web3 project, has been a source of positive sentiment in the crypto market, with its MCADE presale attracting seven figures worth of funding and selling out the beta phase in just three weeks.
• Investors fear that Binance exchange may not last through the bear market, as there is inconsistency in their proof-of-reserves audit report. Changpeng Zhao’s reluctance to hire a top four auditing firm to reveal liabilities has further caused fear, uncertainty, and doubt (FUD).
• BNB is the cryptocurrency of the Binance exchange, and its price action has been affected by the FUD surrounding the exchange.

Metacade has been a much-needed source of optimism in the cryptocurrency market amidst the bear market of late 2022. The MCADE presale attracted seven figures worth of funding and sold out the beta phase in just three weeks. This success has encouraged investors to look ahead to the future of Web3 and the potential of blockchain technology.

However, despite this positive sentiment, investors are still concerned about the future of Binance exchange. After the collapse of FTX in November, Binance conducted a proof-of-reserves audit to show that digital assets fully backed user funds. However, there was a key inconsistency in the report; Binance’s BTC liabilities were $245 million bigger than their BTC reserves. This means that if a bank run were to occur, Binance may be forced to pause withdrawals and sell other assets, which could have a major effect on the entire crypto market.

The reluctance of Binance CEO Changpeng Zhao to hire a top four auditing firm to reveal liabilities has only furthered the fear, uncertainty, and doubt (FUD) surrounding Binance. This has had an effect on the price of BNB, the cryptocurrency of the Binance exchange. Many investors are worried that the exchange could be the next to collapse, and thus have been selling off BNB.

However, there are still those who are optimistic about the long-term future of Web3, and Metacade’s success is a sign of this. The MCADE presale has encouraged investors to look forward once again, and this optimism could be the key to a brighter future in the crypto market.