Market Insights π 1. Market Environment: The Federal Reserve's minutes suggest that if progress on inflation slows, they will be more cautious about interest rate cuts. Bitcoin briefly fell below $91,000 π, with some long-term holders taking profits π°, leading to a two-day decline in Bitcoin π. 2. Prices (UTC+8 8:00): β’ BTC: $91,958, -1.12% π β’ ETH: $3,324, -2.64% π 3. 24-hour Long/Short Ratio: 48.8% / 51.2% βοΈ 4. Yesterday's Fear and Greed Index: 75 (down from 82, 24 hours ago) π, classified as Greed π.
Industry Highlights π 5. CryptoQuant: Long-term Bitcoin holders sold 728,000 BTC in the past 30 days π. 6. Ripple: Donated $25 million to Fairshake PAC again before the U.S. midterm elections π.
Project Highlights π 7. Popular Tokens: CHILLGUY, GRASS, FTM, INJ π. 8. TORN (+589%): A U.S. court ruled that sanctions against Tornado Cash smart contracts were unlawful βοΈ.
Market Insights π 1. Market Environment: The Federal Reserve's minutes suggest that if progress on inflation slows, they will be more cautious about interest rate cuts. Bitcoin briefly fell below $91,000 π, with some long-term holders taking profits π°, leading to a two-day decline in Bitcoin π. 2. Prices (UTC+8 8:00): β’ BTC: $91,958, -1.12% π β’ ETH: $3,324, -2.64% π 3. 24-hour Long/Short Ratio: 48.8% / 51.2% βοΈ 4. Yesterday's Fear and Greed Index: 75 (down from 82, 24 hours ago) π, classified as Greed π.
Industry Highlights π 5. CryptoQuant: Long-term Bitcoin holders sold 728,000 BTC in the past 30 days π. 6. Ripple: Donated $25 million to Fairshake PAC again before the U.S. midterm elections π.
Project Highlights π 7. Popular Tokens: CHILLGUY, GRASS, FTM, INJ π. 8. TORN (+589%): A U.S. court ruled that sanctions against Tornado Cash smart contracts were unlawful βοΈ.
Overall, extreme levels of fear in the market seems to have morphed into something more resembling concern. For example, the Cboe Volatility Index fell from its 2022 peak of 36, which it hit Monday, to around 30 on Friday, a sign of easing tensions. Meanwhile, while the price of WTI crude oil slipped from Sundayβs multiyear high $130 of barrel to $109 a pop. Markets have been expecting heavy restrictions on Russian oil, some of which the U.S. has already imposed, and that would reduce the global supply and bring about even more burdensome inflation. In the past, it was noticed that through bulk SMSes, investors were induced to invest in or purchase the stocks of certain listed companies. For example, WhatsApp restricted the number of times a user could forward something, and developed automated systems that detect and flag objectionable content. Right now the digital security needs of Russians and Ukrainians are very different, and they lead to very different caveats about how to mitigate the risks associated with using Telegram. For Ukrainians in Ukraine, whose physical safety is at risk because they are in a war zone, digital security is probably not their highest priority. They may value access to news and communication with their loved ones over making sure that all of their communications are encrypted in such a manner that they are indecipherable to Telegram, its employees, or governments with court orders. But Telegram says people want to keep their chat history when they get a new phone, and they like having a data backup that will sync their chats across multiple devices. And that is why they let people choose whether they want their messages to be encrypted or not. When not turned on, though, chats are stored on Telegram's services, which are scattered throughout the world. But it has "disclosed 0 bytes of user data to third parties, including governments," Telegram states on its website.
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