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Quick Take Ethena’s USDe stablecoin has crossed the $2 billion supply mark less than two months after its public launch in February.
The outcome of PlanB’s latest analysis differs from his prediction in early February.
SOL, DOGE, AVAX, and LINK are also well in the red from the larger-cap alts.
Friday is here again and that means Bitcoin options expiry day. Crypto markets have had a volatile week, so will today’s expiring batch of contracts add to the momentum?
Crypto researcher Jupiter Zheng believes that the Ether ETF decision may not have a large impact on open interest as the market is not “betting hard on it.”
“We won’t believe DOGE will be $2, $9, and $40,” one analyst said.
- 02:21A certain new address has withdrawn a total of 3.91 million US dollars EIGEN from CEX in the past 3 hoursAccording to on-chain analyst @ai_9684xtpa, the new address 0xB14...6284f has withdrawn a total of 1.16 million EIGEN from CEX in the past 3 hours, worth 3.91 million US dollars, with an average price of 3.37 US dollars.
- 02:1742,917 ETH were transferred from an unknown wallet to CEX, valued at over $142 millionAccording to the on-chain data tracking service Whale Alert, around 9:01 a.m. Singapore time, 42,917 ETH were transferred from an unknown wallet to CEX, valued at $142,072,218.
- 02:14Glassnode: Bitcoin may fall below $88,000 and then attempt to break through $100,000 againBased on Glassnode's report, if the market continues to decline, Bitcoin could potentially fall below $88,000 and then continue towards the threshold of $100,000. The report highlighted a key "gap" as BTC's rapid rise resulted in little trading activity between $76,000 and $88,000 creating an undeveloped price range that may attract market attention if the current pullback persists. However, such price behavior is natural during the price discovery phase which typically involves cycles of rising prices followed by corrections and consolidation to establish stable price ranges. Observing supply distribution during this phase is crucial for revealing potential supply-demand areas that might influence Bitcoin trends. Earlier today news reported that Standard Chartered Bank analysts suggested BTC might consolidate within the range of $85,000 to $88,700 before moving upwards.