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BPM3TKZE6T Red Packet Activity
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DOGE currency market analysis: Whales exit, retail investors enter
The cryptocurrency landscape is constantly changing, and Dogecoin (DOGE) is no exception. Recent on-chain data analysis revealed a significant shift in the behavior of Dogecoin holders. The largest Dogecoin whale, which previously held large amounts of the cryptocurrency, has steadily reduced its holdings over the past year, according to analysts’ reports.
Specifically, the percentage of the total Dogecoin supply owned by individuals holding more than 0.1% of the total Dogecoin supply fell from 45.3% to 41.3%. This significant drop indicates that some of the largest Dogecoin holders are reducing their positions, which has the potential to change market dynamics.
On the contrary, the proportion of Dogecoin held by retail and mid-cap investors increased significantly during the same period. As whale holdings dwindle, these small investors now account for a larger portion of the total supply. This trend indicates growing interest from small investors, potentially leading to a more fragmented ownership structure in Dogecoin.
$DOGE
The cryptocurrency landscape is constantly changing, and Dogecoin (DOGE) is no exception. Recent on-chain data analysis revealed a significant shift in the behavior of Dogecoin holders. The largest Dogecoin whale, which previously held large amounts of the cryptocurrency, has steadily reduced its holdings over the past year, according to analysts’ reports.
Specifically, the percentage of the total Dogecoin supply owned by individuals holding more than 0.1% of the total Dogecoin supply fell from 45.3% to 41.3%. This significant drop indicates that some of the largest Dogecoin holders are reducing their positions, which has the potential to change market dynamics.
On the contrary, the proportion of Dogecoin held by retail and mid-cap investors increased significantly during the same period. As whale holdings dwindle, these small investors now account for a larger portion of the total supply. This trend indicates growing interest from small investors, potentially leading to a more fragmented ownership structure in Dogecoin.
$DOGE
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In Friday's ETF data, we saw that the overall ETF market, including the three ETFs in Hong Kong, has seen an increase in incremental data. The third-tier funds that previously sold off a large number of BTC have seen hundreds of BTC increase in holdings. Powell's speech and non-agricultural data have indeed greatly boosted sentiment, but it is still unknown how long this emotional boost can last, and the change in liquidity is not obvious. If the market wants to maintain the upward trend, it needs more liquidity stimulation.
But through this pullback and rebound, we have basically made it clear that more investors are not too concerned about the short-term price changes of #BTC. Whether it is betting on the halving cycle, betting on the Fed's interest rate cut, or betting on the liquidity release of the US election, it is not in the short term. An important reference point is how long the purchasing power of the#Bitcoinspot ETF can last.
$BTC
But through this pullback and rebound, we have basically made it clear that more investors are not too concerned about the short-term price changes of #BTC. Whether it is betting on the halving cycle, betting on the Fed's interest rate cut, or betting on the liquidity release of the US election, it is not in the short term. An important reference point is how long the purchasing power of the#Bitcoinspot ETF can last.
$BTC
看涨
38%
看跌
37%
横盘
25%
16 votes • Voting closed
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Altcoin Market Update
Several altcoins are in resistance zones on their Bitcoin pairs (FTM, SOL, ETH) and await impetus for a price S/R flip.
Others have broken out but may retest previous range highs. Example BNB
My advice is to focus on majors if trading altcoins.
$BNB
Several altcoins are in resistance zones on their Bitcoin pairs (FTM, SOL, ETH) and await impetus for a price S/R flip.
Others have broken out but may retest previous range highs. Example BNB
My advice is to focus on majors if trading altcoins.
$BNB
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According to Foresight News, Zeus Network, the cross-chain communication protocol of Solana ecosystem, released ZPL (Zeus Program Library) and ZPL-Asset. ZPL is built on Solana VM and has the characteristics of pluggability, programmability and interoperability. It aims to eliminate the gap between different blockchains and promote large-scale interoperability. It provides developers with a verifiable interface that enables them to build or integrate applications. ZPL-Asset is an asset authorized by Zeus Network, which can be seamlessly transferred between different blockchains and has the characteristics of verifiability and customizability.
Based on ZPL, Bitcoin assets can be transformed into ZPL assets on Solana, such as zBTC, zRuneX, zOrdX, etc.
$SOL
Based on ZPL, Bitcoin assets can be transformed into ZPL assets on Solana, such as zBTC, zRuneX, zOrdX, etc.
$SOL
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Today, the Hong Kong capital market witnessed a historic moment, with the official listing of Bitcoin and Ethereum spot ETFs.
China Asset Management (Hong Kong), Bosera International, and Harvest International jointly launched 6 virtual asset spot ETFs, with each institution having one Bitcoin and one Ethereum ETF. These ETFs are designed to track the performance of Bitcoin/Ethereum, with the CME CF Bitcoin Index or Ethereum Index (Asia Pacific Closing Price) as the investment benchmark.
In terms of management fees, there are differences between ETFs of different institutions, ranging from 0.3% to 0.99%. There are also differences in the issue price, but most of them are based on US$1.
The trading units and trading platforms of each ETF are also different, and investors need to understand them carefully. China Asset Management (Hong Kong)'s ETF also has a RMB trading counter.
Experts predict that the asset management scale of these ETFs is expected to reach US$1 billion, but the development of infrastructure and ecosystem will be key
$BTC $ETH
China Asset Management (Hong Kong), Bosera International, and Harvest International jointly launched 6 virtual asset spot ETFs, with each institution having one Bitcoin and one Ethereum ETF. These ETFs are designed to track the performance of Bitcoin/Ethereum, with the CME CF Bitcoin Index or Ethereum Index (Asia Pacific Closing Price) as the investment benchmark.
In terms of management fees, there are differences between ETFs of different institutions, ranging from 0.3% to 0.99%. There are also differences in the issue price, but most of them are based on US$1.
The trading units and trading platforms of each ETF are also different, and investors need to understand them carefully. China Asset Management (Hong Kong)'s ETF also has a RMB trading counter.
Experts predict that the asset management scale of these ETFs is expected to reach US$1 billion, but the development of infrastructure and ecosystem will be key
$BTC $ETH
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Pendle (PENDLE) was the worst performing project, losing more than 13% of its market cap on the day. On a weekly basis, PENDLE is down more than 30%.
Other major altcoins in the top 100 include Maker (MKR), Bittensor (TAO), Optimism (OP), Mantle (MNT), Polygon (MATIC), Arbitrum (ARB), Conflux (CFX), Akash Network (AKT), Core (CORE), Celestia (TIA), Theta Network (THETA), Kaspa (KAS), Synthetix (SNX), Polkadot (DOT)… down 4-8%.
$ETH
Other major altcoins in the top 100 include Maker (MKR), Bittensor (TAO), Optimism (OP), Mantle (MNT), Polygon (MATIC), Arbitrum (ARB), Conflux (CFX), Akash Network (AKT), Core (CORE), Celestia (TIA), Theta Network (THETA), Kaspa (KAS), Synthetix (SNX), Polkadot (DOT)… down 4-8%.
$ETH
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According to Foresight News, @ai_9684xtpa monitored that during the brief unpegging period of Renzo Restaked ETH ezETH, a whale that had bought 50,000 ETH since September 2023 took the opportunity to buy it, spending 2,400 ETH to buy 2,499 ezETH (worth $6.98 million), making a net profit of 99 ETH.
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On April 24, Renzo, a popular liquidity re-staking project, officially announced the detailed token distribution rules, but it caused dissatisfaction among many people in the community. The price of Renzo's ETH deposit certificate token ezETH once plunged, and a serious depegging occurred, falling to around $1,600 at its lowest.
Sell ezETH in advance, points will be reset to zero
According to official rules, Renzo Season 1 incentives will end on April 26, and users who sell their ezETH holdings before this date may not be eligible for airdrops. Users can claim REZ through the official claim website on May 2.
Large depositors lock up 50%, which is good for retail investors
It is worth noting that large depositors on Renzo may be the most affected. The official said that 500 million REZ (5% of the total) will be distributed linearly based on the accumulated ezPoints of users. The top 5% of addresses will have 50% of tokens unlocked immediately at TGE, and the rest will be released linearly within 6 months. Although this move offended the big players, it was beneficial to the small investors. After all, without the crazy dumping of the big players, the selling pressure would be much lower.
Only 5% was allocated, and the depositors said they were "let down"
The most controversial part of Renzo token distribution is undoubtedly the proportion of tokens allocated to protocol depositors.
Crypto KOL @0xCaptainLevi said that the Renzo protocol airdrop is a joke. Their entire business is built on depositors, but they only give customers 5%, half of which is locked, so the real airdrop is only 2.5%. It is absolutely clear that in the past 6 months, the 250,000 users who deposited $3.5 billion worth of ETH for Renzo will only get 2.5% of the airdrop in the end, which is the same amount allocated to Binance's new coin mining, while the team and investment get 65% of the token allocation. And selling ezETH (Renzo deposit certificate token, with a 1:1 exchange ratio with ETH) in advance will not get the airdrop. Users are risking their funds by depositing them into your protocol, but the community is not receiving appropriate rewards.
Sell ezETH in advance, points will be reset to zero
According to official rules, Renzo Season 1 incentives will end on April 26, and users who sell their ezETH holdings before this date may not be eligible for airdrops. Users can claim REZ through the official claim website on May 2.
Large depositors lock up 50%, which is good for retail investors
It is worth noting that large depositors on Renzo may be the most affected. The official said that 500 million REZ (5% of the total) will be distributed linearly based on the accumulated ezPoints of users. The top 5% of addresses will have 50% of tokens unlocked immediately at TGE, and the rest will be released linearly within 6 months. Although this move offended the big players, it was beneficial to the small investors. After all, without the crazy dumping of the big players, the selling pressure would be much lower.
Only 5% was allocated, and the depositors said they were "let down"
The most controversial part of Renzo token distribution is undoubtedly the proportion of tokens allocated to protocol depositors.
Crypto KOL @0xCaptainLevi said that the Renzo protocol airdrop is a joke. Their entire business is built on depositors, but they only give customers 5%, half of which is locked, so the real airdrop is only 2.5%. It is absolutely clear that in the past 6 months, the 250,000 users who deposited $3.5 billion worth of ETH for Renzo will only get 2.5% of the airdrop in the end, which is the same amount allocated to Binance's new coin mining, while the team and investment get 65% of the token allocation. And selling ezETH (Renzo deposit certificate token, with a 1:1 exchange ratio with ETH) in advance will not get the airdrop. Users are risking their funds by depositing them into your protocol, but the community is not receiving appropriate rewards.
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Bitcoin spot ETF is a key step in Hong Kong's virtual asset market. Opening up the entry channel for "old money" means that traditional finance and Web3 finance will officially begin to combine. It also means that the construction of Hong Kong's world Web3 financial center will bid farewell to the preparation stage of formulating the framework and enter the eve of the outbreak.
Long-term bullish, medium- and short-term market adjustments for large investors to purchase.
It is recommended not to have high-leverage contracts in the short term, and hold more spot.
$BTC $ETH
Long-term bullish, medium- and short-term market adjustments for large investors to purchase.
It is recommended not to have high-leverage contracts in the short term, and hold more spot.
$BTC $ETH
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On April 17, according to BTC.com, there are less than 4 days left until the fourth Bitcoin halving, with 497 blocks remaining. Block halving refers to the process of reducing the amount of digital currency generated per unit time, mainly by reducing block rewards.
So far, the Bitcoin network has experienced three halvings in 2012, 2016 and 2020.
So far, the Bitcoin network has experienced three halvings in 2012, 2016 and 2020.
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