The widening Coinbase premium suggests significant institutional buying of Bitcoin, while the potential surge in spot Bitcoin ETF inflows indicates a substantial increase in capital entering the market.

Bitcoin continues to hover around the $70,000 mark. The cryptocurrency market has witnessed subdued activity amidst economic events, including signs of overheating in the US with the release of the PCE inflation data. However, the Coinbase insurance fee delta indicates that institutional investors are buying back in.
Institutional buying activity began to emerge on March 27, and the Coinbase insurance fee delta turned green again by the end of March 29, following the Fed’s preference for the PCE inflation measure. Analyst Maartunn revealed that since the morning of March 30, the Coinbase insurance fee delta has exceeded 50. He affirmed that US institutions have started buying back Bitcoin.
These figures are often used to determine when US institutions start buying Bitcoin, as it is a highly accurate indicator. This suggests the likelihood of increased capital flow into Bitcoin ETFs in the coming week, ahead of the Bitcoin halving expected in mid-April.

The Coinbase premium is the difference between the Coinbase Pro price and the Binance price. A higher value typically indicates strong buying pressure from US investors on the cryptocurrency exchange Coinbase. Traders can closely monitor data and trading volumes to confirm market direction.

Analysts at Ryze Labs revealed that the gap between hedge funds and asset managers continues to widen. This difference indicates that while asset managers continue to buy Bitcoin futures contracts, hedge funds are short-selling. In the current price uptrend, this move hints at a potential short liquidation phase, which could fuel the next upward movement of Bitcoin.

Analyst Michael van de Poppe noted that Bitcoin’s sideways action has kept it around $70,000. However, he assures that Bitcoin is still following its four-year cycle. This cycle may come as a surprise to many. Over a five-year period, $70,000 per Bitcoin is considered a cheap price.
#Write2Earrn #TradeNTell" #BitcoinTrends" $BTC

On March 28, 2024, Sam Bankman-Fried was officially sentenced by Judge Lewis Kaplan to a prison term of up to 25 years for 7 different charges.

Previously, after a trial lasting over a month at the end of last year, Sam Bankman-Fried (SBF), the key figure behind the collapse of the cryptocurrency exchange FTX in November 2022, was convicted on all 7 charges brought against him.

The prosecution had recommended a sentence of 40 to 50 years for Bankman-Fried, along with a fine of $11 billion, while defense attorneys argued that a sentence of 63-78 months would be “fairer.” Since then, SBF has been held in pretrial detention at the MDC prison in New York City, awaiting the official sentencing date.

Yesterday, at 13:30 UTC on March 28, 2024, Sam Bankman-Fried once again appeared in court in Manhattan (USA) to receive the final verdict for the various charges and conspiracies related to the collapse of FTX.

According to reports from lawyer Matthew Russell Lee, the crowded courtroom attendees included the jury, prosecutors, Assistant U.S. Attorneys, witness Sunil Kavuri, and SBF’s lawyers Mark Mukasey and Torrey Young. Sam Bankman-Fried was escorted into court in the light brown uniform of the Metropolitan Detention Center in Brooklyn (MDC).

The verdict for Sam Bankman-FriedSam Bankman Fried
After hearing arguments from all parties and considering the factors set forth in Section 3553 of the law, Judge Kaplan concurred with the characterizations of Sam Bankman-Fried’s background. SBF is also a privileged citizen, raised by loving parents and enjoying numerous advantages.

Judge Kaplan noted that the Bureau of Prisons recommended a sentence of 105 years, while the government sought 40-50 years. However, those sentences are higher than necessary. The punishment must be commensurate with the seriousness of the crimes and also perceived as fair.

Therefore, United States District Judge Lewis Kaplan sentenced Sam Bankman-Fried to 25 years in prison for 7 serious charges of defrauding billions of dollars.

Gary Wang, Caroline Ellison, Nishad Singh, and Ryan Salame – four other individuals associated with FTX and Alameda Research indicted in the case with SBF – pleaded guilty and accepted plea deals.

Salame, former COO of FTX Digital Markets, was the only one of the four who did not testify at Bankman-Fried’s criminal trial. However, he may be the next to stand trial to hear his sentence on May 1, 2024

What is DUSK Network?
DUSK Network is a blockchain network designed primarily to develop digital financial applications, aiming to automate transactions and ensure privacy as well as auditability for each user.
By using a customized consensus mechanism and advanced cryptography, DUSK Network is committed to providing the highest level of security. The goal of this platform is to digitize financial markets and create an environment that eliminates reliance on intermediaries in traditional systems. 
Dusk Network promises to become a flexible blockchain protocol for the deployment of Zero-Knowledge applications and play an important role in the global ecosystem of decentralized applications.
Main Components of the Dusk NetworkRusk Virtual Machine
Rusk allows developers to program Smart Contracts, power dApps, and set parameters for compliance and easy control. This virtual machine system is entirely based on Zero Knowledge Cryptography and is also the world’s first Zero Knowledge – Virtual Machine (ZK-VM) application.
Zero Knowledge – PLONK
With Zero Knowledge – PLONK, enterprises can transact securely and with strict privacy.
Fast Immutable Data – Kelvin:
Dusk Network uses Kelvin to accelerate immutable data storage. Kelvin is a particularly fast and unique Merkle Tree toolkit for creating optimized data structure models.
Proof of Blind Bid
Dusk Network operates on the Proof of Blind Bid consensus mechanism, an upgraded version of Proof of Stake that can provide maximum network security due to its dual node structure: Block Generators and Provisioners.

The Difference of Dusk Network
Dusk Network was created for 3 main use cases: payments, digital asset transfer, and P2P transactions.

One of the main tasks of this network is to ensure operability and continuity for cryptocurrency transactions, as well as stable data transmission in the offline file transfer system. 

Developers on Dusk Network can deploy a system that allows anonymous file transfer for users, but at the same time, the user must register in the system and take full responsibility for the content of the files.

To protect privacy, Dusk Network will provide anonymous addresses, anonymous transactions, and specific IP address encryption.

#Write2Earrn #TradeNTell" $BNB