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Gold has continued to surge to record highs, boosted by geopolitical tensions.This is an excerpt from The Block’s Data & Insights newsletter.
This past weekend, assets dipped as traders briefly recalibrated their portfolios amid the conflict in the Middle East.Most assets seemed to have hit a relative bottom towards the end of Saturday.This is an excerpt from The Block’s Data & Insights newsletter.
Almost 800 million SHIB tokens were removed from circulation in the last seven days.
Pseudonymous contributor to Ore, @HardhatChad, took to X to announce the project would pause mining amid increased congestion on the Solana network. He also said that v2 of Ore should be ready in the coming weeks.
Many analysts are looking at how the cryptocurrency’s inflation rate will compare to gold’s after the halving, expected on April 19.
Regulators in South Korea, Japan and Singapore could follow Hong Kong’s lead as Asia responds to spot bitcoin ETF approval in the US
Ether derivatives market conditions could amplify the asset’s near-future price movement, analysts say.Ether risk reversal trades suggest a pessimistic expectation regarding the asset’s short term price performance, analysts added.
- 11:00Analyst: It seems reasonable for Amazon to keep a "small portion" of its cash in BitcoinAccording to The Washington Post, Morningstar analyst Dan Romanoff stated that although gold is typically considered the most suitable asset for hedging against inflation, Bitcoin might be a more useful tool for this purpose. Over the past five years, both Bitcoin and gold have appreciated in price beyond inflation, with Bitcoin's increase being much larger. Dan Romanoff believes that despite there not being much historical data on how cryptocurrencies perform during different economic cycles, it could be reasonable to make small investments in Bitcoin. He added: "If Amazon can keep a small portion of cash in Bitcoin, it seems quite sensible."
- 10:59Data: Over the past 2 days, nine new wallets have transferred out more than 362,000 LINK from CEXAccording to Lookonchain monitoring, in the past 2 days, 9 new wallets have withdrawn 362,380 LINK (approximately 8.19 million USD) from CEX.
- 10:30Bellede has transferred a total of approximately 9 million USDC to Ondo Finance this weekAccording to Arkham monitoring, this week BlackRock's BUIDL Fund has transferred a total of approximately 9 million USDC to the Ondo Finance marked address. Previous news suggests that due to the Trump family's cryptocurrency project WLFI increasing its holdings in ONDO, the token once broke through $2 this week, setting a new historical high.
