NiftyNoon: Surviving the Great Crypto Liquidation of February 2025 🩺🪙📉
Crypto experienced hundreds of millions of dollars in market liquidations as overall crypto sentiment shifted negative and Trump tariff threats pushed US equity prices lower (February 25, 2025)
Nifty Thought:
Crypto experienced hundreds of millions of dollars in market liquidations as overall crypto sentiment shifted negative and Trump tariff threats pushed US equity prices lower. Much of the structural headwinds will persist for quite a while-high inflation, a hawkish federal reserve, and unstable trade relations limiting economic growth. However, the fear in the market could be viewed as an overreaction that may present an opportunity to scalp a long spot position. Nonetheless, while choppy waters likely lie ahead for the market overall, the long term thesis around cryptocurrency enabling the settlement of decentralized transactions remain sound. For true crypto believers, this is short term pain for long term gain.
Highlighted News:
📉 Crypto markets have now erased -$325 BILLION of market cap since Friday morning:
https://x.com/kobeissiletter/status/1894218914923417964?s=46
🛒 Bybit has already fully closed the ETH gap, new audited POR report will be published very soon to show that Bybit is again Back to 100% 1:1 on client assets through merkle tree:
https://x.com/benbybit/status/1893865556840775758?s=46
📈 Some Bitcoin hopium - Day 56 (of 60) and now Week 24. Both Daily and Weekly Cycles at turning points, maybe days now:
https://x.com/bobloukas/status/1894163259432825106?s=46
Project and Community News:
$MSTR has acquired another 20,356 BTC for ~$1.99B at ~$97,514 per bitcoin: https://x.com/strategy/status/1894010315185991889?s=46
SBF reappears on twitter with strange thread about firing government employees: https://x.com/sbf_ftx/status/1894204086754709951?s=46
Citadel Securities Plots Crypto Trading Move After Trump Embrace: https://x.com/matthew_sigel/status/1894067784700551452?s=46
El Salvador bought another 7 bitcoin for their strategic bitcoin reserve: https://x.com/bitcoinmagazine/status/1894114294091985010?s=46
Ohio introduces a Bill that would remove state taxes on Bitcoin payments: https://x.com/cryptosr_us/status/1894151998368330236?s=46
DekaBank is rolling out crypto trading and custody services for institutions, built on Ripple Custody: https://x.com/ripple/status/1894086890220839000?s=46
The Bybit Hacker is making 2-3 transactions per minute, and stops every 45 minutes for a 15 minute break. They move ETH from one address at a time, before moving onto the next one: https://x.com/arkham/status/1894095767272382641?s=46
CZ reveals crypto portfolio holdings are overwhelming in Binance’s BNB token: https://x.com/cz_binance/status/1894014007817736363?s=46
Ethena has raised $100 million from backers including F-Prime, Franklin Templeton, Polychain, Pantera and Dragonfly: https://x.com/ryanjamesweeks/status/1893981154044211648?s=46
ETH’s Pectra upgrade is going live on the Holesky Testnet today at 21:55 UTC: https://x.com/cryptoeva/status/1894048613690442226?s=46
The SEC has acknowledged Grayscale’s Cardano $ADA ETF filing: https://x.com/taptools/status/1894141989987230023?s=46
Metaplanet has acquired 135 BTC for ~$13 million at ~$96,185 per bitcoin: https://x.com/gerovich/status/1894221872033591497?s=46
For the first time $PAIN holders will be able to earn 299% variable APR on Wasabi: https://x.com/wasabi_protocol/status/1894048357691400238?s=46
RealNOI, powered by @ChintaiNetwork, has opened a tokenized real estate cashflow marketplace with $570 million of assets listed: https://x.com/coindesk/status/1894072888879169558?s=46
@berachain is steadily establishing itself as a top deFi chain: https://x.com/heyjxck_/status/1893680605197705338?s=46
Ahead of the black-eyes OMB mint, more than 50 orange-eyes OMB have been swept by the collection founder: https://x.com/punk9059/status/1894251336545571168?s=46
The sewers of Dookey Dash - Unclogged will officially close on February 28, 2025: https://x.com/boredapeyc/status/1894147939603550655?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 1,256 ETH (▲ 54.30%)
🌊 OpenSea ETH Daily Volume: 797 ETH (▲ 19.05%)
🟠 BTC : $89,020.47 (▼ 7.20%)
🔷 ETH: $2,421.87 (▼ 9.94%)
🟣 Solana: $139.59 (▼ 12.33%)
🟪 Polygon: $0.26 (▼ 7.43%)
Top NFT Sales:
CryptoPunks #2948: 52.50 ETH
CryptoPunks #5206: 36.00 ETH
CryptoPunks #4152: 34.48 ETH
NFT Daily Winners:
💼 Ordinal Maxi Biz: 0.07 BTC (▲ 20.33%)
🐱 Quantum Cats: 0.20 BTC (▲ 7.41%)
😡 Mad Lads: 49.80 SOL (▲ 1.63%)
🏳🌈 Chromie Squiggles: 4.29 ETH (► 0.00%)
NFT Daily Losers:
🍭 Mocaverse: 2.05 ETH (▼ 0.07%)
🚬 CryptoPunks: 34.48 ETH (▼ 0.32%)
⛩ Azuki: 2.83 ETH (▼ 1.87%)
👾 Tensorians: 4.15 SOL (▼ 2.12%)
👩🏻 Milady Maker: 3.63 ETH (▼ 5.45%)
🦧 Bored Ape Yacht Club: 12.88 ETH (▼ 5.93%)
🐧 Pudgy Penguins: 8.49 ETH (▼ 5.94%)
🏴☠ Captainz: 1.03 ETH (▼ 9.66%)
🧦 Bitcoin Puppets: 0.04 BTC (▼ 9.77%)
🐵 NodeMonkes: 0.04 BTC (▼ 13.32%)
Notes:
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