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Macroeconomics and financial markets
In the US NY stock market on the 14th of the previous weekend, the Dow Jones Industrial Average fell 143 dollars (0.4%) from the previous day, and the Nasdaq Index closed 42 points (0.35%) lower.
Recently, indicators such as employment statistics and the CPI (U.S. Consumer Price Index) that indicate a slowdown in inflation have been increasing, and the evidence that the pace of monetary tightening is easing has been growing. Inflation expectations for the year ahead soared, hurting investor sentiment.
It is believed that persistent inflation, such as rising gasoline prices, has had an impact on economic indicators that represent consumer confidence in the United States.
connection:U.S. IT stocks, etc. rebound sharply Good impression of PPI in March | Financial Tankan on the 14th
connection:Stock investment recommended for cryptocurrency investors, representative cryptocurrency stocks of Japan and the United States “10 selections”
Virtual currency market
In the crypto asset (virtual currency) market, Bitcoin fell 0.91% from the previous day to $30,000.
BTC/USD daily
Although it succeeded in breaking out of the low price in the 2021 “cryptocurrency bubble”, the resistance line (upper resistance line) in the early $30,000 range was thick, preventing a one-shot break.
connection:Successful breakthrough of Bitcoin 2021 low, possibility of missing clues next week | bitbank analyst contribution
Ethereum (ETH) has finished its major upgrade “Shapella”, and despite intermittent selling pressure, Ethereum became dominant in buying last weekend and broke through 1ETH = $ 2000 level.
As of noon on the 17th, 17.29 million ETH, or about 15% of the total ETH supply, was locked up on the beacon chain, with an estimated 47,000 ETH expected to be withdrawn over the next 11 hours. To avoid sudden network instability, there is a limit of 1,800 (57,600 ETH) validators that can be unlocked per day.
According to Wu Blockchain, about 240,000 ETH was withdrawn in 30 hours after the Shanghai upgrade. There was a new deposit of about 100,000 ETH, so the net decrease was 139,000 ETH.
Nearly 30 hours after the Shanghai upgrade, nearly 240,000 ETHs have been withdrawn; nearly 100,000 ETHs have been deposited; currently 1.01 million ETHs are waiting to be withdrawn; Kraken, which staking service has been suspended by the SEC, accounts for 63%; accounts…
— Wu Blockchain (@WuBlockchain) April 14, 2023
New deposits of over 50,000 ETH have been confirmed from P2P staking pool 0x4CA.
gm
It’s been over 24 hours since ETH2 withdrawals were enabled.
Now that the upgrade has been completed, there have been some large depositors.
The largest was 0x4CA, a peer-to-peer staking pool – depositing almost 50.2K ETH on April 13th alone.
That’s $106M in 24 hours! pic.twitter.com/UNPJODIxo1
—Arkham (@ArkhamIntel) April 14, 2023
According to the data tracking site Token Unlocks, withdrawal requests for 890,000 ETH (equivalent to 250 billion yen) are waiting (pending).
Token Unlocks
By entity, crypto asset (virtual currency) exchanges accounted for the most, with Kraken making withdrawal requests for 551,000 ETH accounting for 63%. In February of this year, Kraken was sued by the U.S. Securities and Exchange Commission (SEC) for violating U.S. securities laws (unregistered securities) for providing staking services, and was forced to stop providing services to U.S. customers.
On this point, some experts commented, “Kraken’s service had insufficient information disclosure. ” has also been pointed out.
connection:How to view the US SEC’s Kraken indictment and consider the impact on Ethereum staking
In addition, Coinbase, the largest U.S. exchange that issued a wells notice (warning letter) from the SEC, accounted for 11% of ETH withdrawal requests, and Huobi accounted for 5.1%, but staking was semi-forcedly canceled. Many of the funds of those involved are expected to be re-staked using other services.
altcoin market
With the rise of Bitcoin and the soaring value of Ethereum over the weekend, individual stocks are being sought in the alt market, and Solana (SOL) rose significantly by 22.8% from the previous week.
Solana had been heavily impacted by the Alameda Research and FTX bankruptcies at the end of last year, but due to oversold levels, it rebounded sharply by 157% since the beginning of the year. It resurfaced to 11th place in terms of market capitalization.
The Android version of the smartphone “Saga” equipped with the Solana blockchain was shipped to those who made advance reservations, and it seems that the speculation for expanding the ecosystem was also taken into account.
Everyone has a story
Legends own a Saga
Become legendary
on — Solana Mobile 
(@solanamobile) April 13, 2023
“Saga” is a high-performance “Web3 flagship model” developed by the emerging manufacturer OSOM Products, and will be available for general sale on May 8 for about $1,000, limited to certain countries such as Europe and the United States (excluding Japan). expected to be
connection:Solana’s Web3 smartphone “Saga”, product shipment start
Founded in November 2015 by Andy Rubin, who is considered the creator of Android, the most popular smartphone operating system, OSOM Products is the successor to Essential Products, an American smartphone manufacturer that dissolved in 2020. It has a reputation for advanced security and privacy functions such as the private key protection program “Solana Mobile Stack Seed Vault” and stylish design.
Everyone has a story
Legends own a Saga
Become legendary
— Solana Mobile (@solanamobile) April 13, 2023
The private key is protected with hardware-level supported encryption, no permissions are granted to access the private key from the Saga Android OS, and it can only be used with the owner’s password and biometrics.
In the “Solana dApp Store” where mobile-native distributed applications can be downloaded, 16 types are registered, including the Solana-based NFT market “Magic Eden”, the Web3 music app “Audius”, and the Web3 message app “Dialect”. there is
Epics is developing a BCG (blockchain game) for the Solana dApp Store. According to the press release of ELSOUL LABO, purchasers have multiple benefits such as “Saga Genesis Token NFT”.
Among Ethereum (ETH)-related stocks, which have been performing well recently, Arbitrum (ARB) soared 41.9% from the previous week.
On-chain data showed that a large investor on the first day of listing sent 9.94 million ARB, worth $17 million, to Binance, raising alarm.
The largest buyer of $ARB on the first day of listing transferred all 9.94M $ARB($17M) to #Binance 30 mins ago.https://t.co/KqaiO7an6Ahttps://t.co/X8LOnrzeRJ pic.twitter.com/MaiwlIBReC
— Lookonchain (@lookonchain) April 15, 2023
Arbitrum is Ethereum’s largest Layer 2 blockchain with Optimistic rollup technology. The other day, we conducted a large-scale airdrop, and 12.75% of the total supply of 10 billion was given to about 300,000 wallets.
After the airdrop, it plummeted temporarily due to friction with the community over the governance vote, but the foundation later recovered after trying to put an end to the situation.
connection:Arbitrum Foundation Promises More Transparency, Will Re-Vote At DAO
Click here for a list of market reports published in the past
[Recruitment]Recruitment of new personnel due to Web3 business expansion
Japan’s largest cryptocurrency media CoinPost is looking for full-time employees and interns as it expands its Web3 business.
1. Media Business (Editorial Department)
2. Marketing operations
3. Conference management and launch work
4. Open Position (students welcome)
Details https://t.co/UsJp3v8mSH pic.twitter.com/B98JZmoQbW
— CoinPost-virtual currency information site-[app delivery](@coin_post) February 14, 2023
The post SOL up 22.8% from the previous week, ARB up 40% from the previous week appeared first on Our Bitcoin News.
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