Sei ecosystem is very good, it will increase 10x soon, the chart looks very solid #sei #seı

Critical appointment from Grayscale while waiting for Bitcoin ETF decision

Grayscale, one of the companies that applied to the SEC for a spot Bitcoin ETF and is awaiting a decision, has added a critical name to its roster.

The world's largest crypto asset management company added John Hoffman to the team as the new general manager and senior manager responsible for distribution and partnerships, ahead of the spot ETF decision. This appointment is remarkable considering Hoffman's 20 years of work experience at Invesco, another company that has an ETF application.

He worked as an ETF manager at Invesco

Hoffman served as ETF institutional sales and capital markets director at Invesco. Invesco, among the largest ETF companies in the United States, manages approximately $400 billion in assets across more than 200 ETFs.

“The Grayscale team is thrilled to have John Hoffman join us as General Manager, Distribution and Strategic Partnerships,” said Dave LaValle, Grayscale's ETF manager. “John has a wealth of industry and ETF expertise that will be invaluable to our team and clients, especially during this exciting time for Grayscale.” he said.

Grayscale had applied to the SEC to convert its $24 billion Bitcoin fund GBTC into an ETF. The decision on this application is expected to be made in January. It is estimated that the decision in question will be announced between January 8 and 10.

🔥 FIRST SHIBARIUM SIDE 🔥

The @shibburn follower was 100% accurate in recording the total accumulated burns for the shibarium, and as you can see, over $70,000 was sent to the#SHIBburn wallet this morning! This is the result of a $0.01 transaction fee! We can burn 8B every day!$SHIB #ShibArmy #shibaswap

The share of altcoins in transaction volume broke the 18-month record

As Bitcoin progresses with new increases every day, the share of altcoins in the total transaction volume continues to increase.

According to research firm Kaiko, the share of altcoins in transaction volume increased to 67 percent last week. This level is seen for the first time since March 2022. The emerging picture shows that investors continue to shift to riskier assets amid the ongoing rally.

Binance's share decreased

On the other hand, the daily transaction volume of altcoins exceeded 20 billion dollars for the first time since April. The vast majority of these volumes occurred on offshore exchanges. Binance's influence decreased and the exchange's share in global altcoin volumes decreased from 60 percent to 46 percent. The exchanges that benefited the most from this situation were Upbit, Bybit, OKX and Huobi. The share of the total volumes of the four exchanges increased from 11 percent to 35 percent.

CEO of the investment giant that manages $1.5 trillion announced his crypto portfolio

The CEO of Franklin Templeton, one of the companies applying for Spot Bitcoin, announced his crypto portfolio. Jenny Johnson, CEO of the investment giant that manages $1.5 trillion in assets, stated that she also holds cryptocurrencies other than Bitcoin.

Jenny Johnson, CEO of Franklin Templeton, one of the companies that applied for a spot Bitcoin ETF to the US Securities and Exchange Commission (SEC), announced its crypto portfolio.

“Small investments…”

In an interview with Fortune, one of the important institutions of the US media, Johnson stated that he has Ether, Uniswap (UNI) and SushiSwap (SUSHI) in addition to Bitcoin. Johnson also stated that these investments constitute a small portion of his portfolio:

“Actually, standard cryptocurrencies… There is some Bitcoin, some Ether, and SushiSwap and Uniswap. A few more like these… But they are small investments. Blockchain technology is changing the financial system. “I see Bitcoin as a separate factor here.”

“Spot ETF may be a better option”

Franklin Templeton CEO also touched upon the importance of the Bitcoin spot ETF and said, “There are some difficulties in investing directly in Bitcoin. "It is very important to give customers confidence here..." he said.

As you may remember, the company applied to the SEC for a spot Bitcoin ETF in September. The SEC has so far decided to postpone the ETF, which is expected to be listed on the Cboe BZX Exchange under the ticker BTFD.

Experts expect these ETFs to be approved in early 2024

$BTC #ShibArmy #shiba #geox

Bitcoin rise increased whale movements: “Sent 730 BTC in panic”

Bitcoin exceeding 40 thousand dollars overnight and 42 thousand dollars today has seriously increased whale movements. While one whale sent 1000 BTC to Binance, another large account sent 730 BTC to Binance after the drop in the price of 42 thousand. Lookonchain interpreted this whale's movement as a "panic transfer".

While it is a matter of curiosity whether the bull season has come in cryptocurrencies and how much the prices will rise, whale movements do not go unnoticed by investors and researchers.

According to data from Lookonchain, a whale holding a large amount of Bitcoin sent 1000 BTC to the Binance exchange. At the time of the whale's transfer, Bitcoin was at $41,500.

“He made a panic transfer”

Bitcoin's sharp withdrawal after exceeding 42 thousand dollars also increased the movements of whales. The withdrawal of the largest cryptocurrency to 41,500 in a short time caused a whale to send 730 BTC to Binance. On-chain tracking platform Lookonchain commented on this transfer as "Panic transfer from a whale..."

This whale last withdrew 2200 BTC from Binance in November 2022, when Bitcoin was at 19 thousand dollars, and also in June (2023), when it was over 20 thousand dollars.

It has a profit of 48 million dollars

It is not known whether the whale sold the 730 BTC he sent to Binance, but his profit on the approximately 1500 BTC that continues to remain in the wallet is around 48 million dollars.

Shiba Inu ($SHIB ) is trading at $0.00000886 today with a 24-hour trading volume of $711,403,553.77. This means an increase of 5.24% in the last 24 hours and 7.62% in the last 7 days. The market value of the Shiba Inu is $5,217,928,057 and there is a circulating supply of 590 Trillion SHIBs.

Shibarium Data at Historic Highs: How Did Shiba Inu React to This?

Shiba Inu's Layer 2 solution, Shibarium, managed to come to the fore once again with a huge increase of 44,397% in daily transaction volumes. The Layer 2 network continued to break new records in the number of daily transactions, showing a huge increase of 44,397% since the end of November, according to data.

Shibarium recorded just under 20,000 daily transactions on November 29. However, the network witnessed an astronomical jump of 748,000 transactions by November 30 and this increase continued until December.

Shibarium processed more than 12 million transactions in the first two days of December alone. The growth of the network is further strengthened by additional metrics. The layer-2 blockchain currently has 1.27 million wallets and has produced 1.92 million blocks. Total Locked Value (TVL) on Shibarium also increased to $775,000, according to DeFiLlama data.

Record trading volume at Shibarium has significantly impacted Shiba Inu cremation activity. The burn rate of this meme coin has increased by 961% in seven days and over 600% in the last 24 hours.

Approximately 527,485,988 SHIB tokens were burned over the past week. Additionally, 20,515,829 SHIB tokens were burned in the last 24 hours alone.

This increase in the transaction volume of Shibarium and the resulting impact on SHIB burning activity indicates a significant shift in the dynamics of the Shiba Inu's ecosystem. Rising metrics on the Layer-2 network indicate increased user participation within the Shiba Inu community and an unprecedented increase in blockchain activity. As Shibarium continues to rewrite the transaction records, its impact on the broader Shiba Inu ecosystem becomes increasingly evident.

Crypto whale withdrew 600 billion Shiba Inu (SHIB) from Binance

Bitcoin exceeding 41 thousand dollars has mobilized altcoins, which have not been able to keep up with the recent rally, at least slightly. While whales make critical transfers to control their investments, an account that sent 250 billion units last week has withdrawn 600 billion SHIBs from Binance this time.

While Bitcoin's rise above 40 thousand dollars further fuels the debate on whether the bull season has come in cryptocurrencies, whales are also making critical transfer movements.

According to the information provided by the on-chain tracking platform Lookonchain; A whale, who withdrew 250 billion units ($2.3 million) from Binance 9 days ago, also withdrew 600 billion SHIB ($5.7 million) from Binance to a wallet he had just opened.

As it is known, investors withdraw crypto money from stock exchanges during periods when they do not intend to sell in the short term. In opposite cases, assets from cold or hot wallets are sent to exchanges for sale. Therefore, the whale may have withdrawn from the stock market because he thought the prices would increase further.

As you may remember, SHIB left its mark on the second half of the bull season in 2021. Shiba Inu, one of the two meme coins of that period along with Dogecoin, broke a record by reaching $0.000086 in October of that year.

Shiba Inu is known for appealing to a serious audience of investors from all over the world.

SHIB recorded a 4 percent increase in the last 24 hours with the increase in Bitcoin and was traded at $ 0.0000093 at the time the news was written.

$Shib

In Case of a Successful Breakout, a 150-160% Bullish Rally is Expected to Finally Break the Long Consolidation ✍️
#Crypto#Shib#Shibusdt#ShibaInu

Binance CEO Teng: Exciting days are coming

Richard Teng, who took over as CEO of Binance, where Changpeng Zhao left his post, within the framework of a mutual agreement with the US Department of Justice, evaluated the rise in Bitcoin. “There are exciting days ahead,” Teng said.
Author Hakan Ateşler

New CEO at Binance Richard Teng said that he thinks more money will enter the industry. Tweeting after Bitcoin entered a sharp upward movement by exceeding $41,500, Binance CEO stated that "exciting days" are ahead of us.

“More products and more liquidity are coming”

Emphasizing that Bitcoin exceeded 41 thousand dollars, Teng also touched upon the importance of clarity in regulations and said:

“Bitcoin exceeded 41 thousand dollars. Exciting days lie ahead with clearer regulatory rules, increased institutional adoption, the arrival of a new investor class with new products, and greater liquidity. Keep producing..."

Teng recently touched upon the importance of regulations in an exclusive interview with Uzmancoin at Binance Blockchain Week, which he attended in Istanbul, and said, “We work closely with lawmakers and government institutions. We constantly explain to them the working system of cryptocurrency. "We work with each country separately," he said.

Teng left office after the mutual agreement of CZ and the US Department of Justice, and Teng took his seat.

Shiba Inu (SHIB) could be gearing up for an explosive 493% rally to the $0.00004 territory if it can register a confident weekly close above the middle band of the Bollinger Bands indicator.

SHIB registered five consecutive weekly green candles from mid October to early November amid the market-wide growth. However, following a surge to $0.00000965, Shiba Inu has underperformed over the past two weeks, with the bears looking to trigger a retracement of the previous gains.

The middle band of the Bollinger Bands indicator is a simple moving average (SMA) that represents the prevailing market trend. Prices above the middle band suggest an uptrend, while prices below indicate a downtrend. Crosses above or below the band can signal potential trend changes.
The first time this close occurred was in early October 2021 when SHIB closed the week at $0.00002613 while the middle Bollinger band stood at $0.00000851. Shortly after recording this close, SHIB rallied 939% from the start of October to the ATH of $0.00008845 at the end of October 2021
Shiba Inu Bollinger Bands 011338
Following the all-time high, Shiba Inu continued to decline until it dropped below the middle band in January 2022. The asset remained underneath the band until January 2023 when it recorded a second confident close. Following this second close, SHIB surged 47% to this year’s peak of $0.00001575.

Though SHIB recently registered a similar bullish close above the middle band, this was not a confident move. The asset is now looking to replicate a confident close similar to the January move. Should this occur, SHIB could be looking to register a 493% increase from its current position.

Shiba Inu Bollinger Bands 2 011345
Shiba Inu Bollinger Bands
This figure is an average of the two surges recorded in October 2021 and February this year. Shiba Inu currently trades for $0.00000833. A 493% increase would result in a $0.0000410 price. The last time SHIB saw the $0.00004 price territory was in November 2021.

# $BTC $SHIB

$SHIB (#Shiba) prices are currently showing MAJOR STRENGTH and may still be FAR from completion as a breakout and retest could call for a resurgence of $0.000081 levels!

This could mean prices in existing regions reaching these levels by >8 0.4 times, an increase of over 738%, and it could happen quickly!

Bitcoin is trading at $37,100. We have left behind a week in which we experienced a magnificent rise.

Let's take a look at the Important Developments of the Next Week, day by day, hour by hour;

Tuesday, November 14

- 13:30 FED member Jefferson will speak
- 16:30 USA, Consumer Price Index (CPI) Will Be Announced (Expected:? Previous: 3.7%)
- Polygon will make an announcement

Wednesday, November 15

- 16:30 USA, Producer Price Index to be Announced (Monthly) (Expected: 0.1% Previous: 0.5%)

Thursday, November 16

- 15:10 FED member Barr will speak
- 16:30 USA, Unemployment Benefit Applications Will Be Announced (Expected:? Previous: 217K
- TokenFi(#TOKEN) will make an announcement
- Flow unlocking(1.85M)

Friday, November 17

- 16:30 US Building Permits (Previous: 1,471M)
- 17:45 FED member Goolsbee will speak
- 18:00 FED member Daly will speak
- Deadline for Hashdex, Franklin spot Bitcoin ETF applications.
- APE Unlock ($23.09M)

Critical US Inflation data will be announced on Tuesday. Bitcoin and global markets will be closely affected. My expectation is that the market impact will be neutral.

We are moving towards Financial Freedom step by step. Ignore price fluctuations in small time frames. Focus on the big picture!

Bitcoin has entered a bull market.

I KNOW THE WAY!