Coinbase FOMO buying bitcoin, $3000 premium.

https://www.tradingview.com/x/qvCuo1bf/

How to survive a crypto cycle — link

This Bitcoin sell-off is historic in the magnitude of losses realised by short term holders.

STH-SOPR has only dipped this low on three occasions since 2015:
- Feb 2018 start of bear market
- Nov 2018 bear capitulation
- Mar 2020 COVID sell-off

— link

Bitcoin funding rates turn significantly negative for the first time since the 2020 March crash.

Total Bitcoin open interest down to $12bn.

According to Chainalysis, institutions were not significant sellers. Bitcoin inflows into exchanges were relatively low compared to past sell-offs, at 412k bitcoin in the last three days, compared to 412k on the 13 March 2020 alone — link

White Star Capital launches new $50M crypto/blockchain fund backed by Bpifrance, Ubisoft — link

Instagram is hosting a professional development panel for NFT artists — link

Bitcoin realized 10d volatility spikes to 14-month high

MicroStrategy has highest correlation with Bitcoin compared to other cryptocurrency-linked stocks — link

Binance Smart Chain's PancakeBunny protocol exploited, $45 million drained — link | post-mortem

Bitcoin hash rate drops as Sichuan miners face short-term power cap — link

The Dutch Central Bank lost its court case against Bitonic, resulting in Dutch Bitcoin exchanges no longer needing to verify wallet addresses — link

U.S. Treasury calls for crypto transfers over $10,000 reported to IRS — link | archive

The Treasury said the new reporting regime would go into effect in 2023.

Penn receives $5m cryptocurrency gift, largest in University’s history — link

U.S. Federal Reserve plans to publish discussion paper on the potential issuance of a CBDC — link

MER listing day information:

8 PM UTC+8: Bonfida VC Pools Opens
9 PM UTC+8: Available on FTX, Gate and Raydium.

More info: https://blog.mercurial.finance/mer-listing-day-information-bab944a3f872

Gensler says SEC should be ‘ready to bring cases’ involving crypto — link