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XRP price forms a bullish triangle with $2.22 resistance blocking further gains. SWIFT partnership rumors position XRP for $3 and long-term price growth. Despite a weak RSI, XRP price eyes the $2.60–$3 band.
Japan's bond yield surge and potential interest rate hike are creating global financial uncertainty, posing risks for Bitcoin and other risk assets. However, a growing optimism about Bitcoin's future, marked by bullish call options, adds complexity to the market outlook.
Share link:In this post: MANTRA (OM) dropped from $6 to $0.57 in under an hour, losing 98% of its value. Over $6 billion in market cap was wiped out in minutes during the crash. Traders on X blamed an alleged “Kabal team” for a massive insider sell-off.
The two-year investigation led to the arrest of six individuals across Spain.
- 02:02Analysis: The Pace of the Federal Reserve's Balance Sheet Reduction is Slowing, Now Reduced to $6.7 TrillionAccording to The Kobeissi Letter analysis, the Federal Reserve's balance sheet decreased by $17 billion last month to $6.7 trillion, the lowest level since April 2020. Since April 2022, the Federal Reserve has reduced its balance sheet by $2.3 trillion, a decrease of 25%. This accounts for approximately 48% of the $4.8 trillion purchased by the Federal Reserve during the post-pandemic response period. The Federal Reserve currently holds $4.2 trillion in Treasury securities and $2.2 trillion in mortgage-backed securities (MBS). In March, the Federal Reserve announced that it would slow the average pace of quantitative tightening (QT) from $60 billion per month to $40 billion. This indicates that the pace of the Federal Reserve's balance sheet reduction is slowing down.
- 02:02A whale failed to long TRUMP, switched to 10x long PEPE, now with an unrealized profit of $81,000According to Lookonchain monitoring, a whale went long on TRUMP 2 hours ago, but due to TRUMP's sharp decline, he quickly closed the position and was partially liquidated. Then, he opened a new 10x long position on PEPE, currently holding an unrealized profit of $81,000.
- 02:01A certain whale deposits 23.444 billion PEPE worth approximately $3.14 million into CEX after holding for 2.5 monthsAccording to Onchain Lens monitoring, a whale with an address starting with 0x5f95 deposited 2.3444 billion PEPE into a CEX after holding for 2.5 months, valued at approximately $3.14 million, with a profit of about $1.35 million. The whale still holds 437 million PEPE, valued at approximately $58,000.