Crypto

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December, 2022
December 2022
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Bybit: BTC Exchange Balances Continue to Drop, Phantom Introduces NFT Burning
18/08/2022 17:58 0.1K

Bybit: BTC Exchange Balances Continue to Drop, Phantom Introduces NFT Burning

Chart of the Day 

The broader crypto market flipped red, in line with the Nasdaq 100 dipping 1.21% overnight. The Fed July meeting minute released on Wednesday indicated continuous interest rate hikes as few signs showed inflation was abating. The Nasdaq 100 chart favors the bears with technical indicators in the overbought zone, weighing on the crypto’s uptrend momentum. As of the time of writing, BTC is trading at $23.5k, posting a 2.5% decrease in the past 24 hours. The largest cryptocurrency in terms of market capitalization has dropped below its 20-day EMA, the movement that could tilt in favor of the bears. The strong support level would be the 50-day EMA at $22.2k, while the bulls would only be back in command if the price rebounds to $25k. Bybit blog reports.

Meanwhile, the BTC exchange balances continued to experience a decline in supply, the trend that formed in mid-June. If history is any guide, the continuous exchange outflows are at large a positive signal, revealing the structural accumulation by investors.

In a similar vein, ETH has retreated from the $2k psychological level, sitting at $1850 at the time of writing with a 2.6% decrease in the past 24 hours. Major altcoins are mostly in the red, with SOL and AVAX leading the pack after posting 7.2% and 6.5% declines respectively. Interestingly, investors are rife with the discussion of whether the recent memecoins rally signals a market top, but with more voices deeming the rally news-driven and not a speculative frenzy.

Talk of the Town 

Bybit: BTC Exchange Balances Continue to Drop, Phantom Introduces NFT Burning 1

Phantom, a popular wallet on the Solana blockchain, introduced NFT burning and improved phishing alerts as part of its efforts to fight wallet spam. The rapid growth of NFTs on Solana has led to an increasingly popular method of attack for scammers — Spam NFTs. Scammers leverage low transaction fees on Solana to send unwanted NFTs into wallets. Users of those wallets might suffer from exploits after inadvertently clicking the links in the description, which usually seduce users to “mint” or “claim” a new NFT. With NFT burning, users freely remove any unwanted NFTs in return for a small amount of SOL. Besides, Phantom strives to build an open-source blocklist of malicious NFT collections, alerting users of potential threats.

Crypto & blockchain articles are created with the support of ByBit – leading crypto platform.

Bybit

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AMD Rates
10:30 06/12 Buy Sell
AMD / USD 393.00 397.00
AMD / EUR 408.00 418.00
AMD / RUR 6.18 6.40
dollars
dollars
CBA Rates
05/12/2022
USD / AMD
395.91
+0.71%
EUR / AMD
417.09
+1.02%
RUR / AMD
6.36
-0.03%
GBP / AMD
484.87
-0.24%
Cryptocurrencies
10:30 06/12
BTC/AMD
6,731,709
-1.64%
BTC/USD
17003.13
-1.81%
ETH/USD
1259.97
-2.83%
BCH/USD
111.81
-2.02%
XRP/USD
0.383870
-2.56%
LTC/USD
80.51
-3.78%
BNB/USD
289.13
-2.53%
DOGE/USD
0.100841
-3.35%
ETH/BTC
0.074102225
-1.04%
BCH/BTC
0.006575741
-0.21%
XRP/BTC
0.000022576
-0.77%
LTC/BTC
0.004734995
-2.00%
BNB/BTC
0.01700446
-0.73%
DOGE/BTC
0.000005931
-1.56%
CBA Metals
05/12/2022
dram / gram
Gold
22717.73
-193.05%
Silver
287.73
+6.48%
FOREX
09:49 06/12
EUR/USD
1.0492
-0.84%
GBP/USD
1.2199
-1.13%
USD/JPY
136.91
+1.94%
EUR/GBP
0.8599
+0.30%
Oil
09:49 06/12
$ / barrel
Brent
83.15
-3.26%
Light Sweet
77.43
-3.68%
COMEX
09:49 06/12
$ / tr. oz
Gold
1784.20
-1.86%
Silver
22.54
-3.84%
Platinum
1009.60
-1.66%
LME / 3M
09:49 06/12
$ / tonne
Aluminium
2522.50
-0.90%
Copper
8391.00
-0.70%
Nickel
28680.00
-0.63%
Tin
24446.00
+5.12%
Lead
2238.50
+1.63%
Zinc
3126.00
+1.53%
Molybdenum
45679.73
+1.87%
Cobalt
51955.00
+0.00%
Indexes
09:49 06/12
point
Dow Jones
33947.10
-1.40%
S&P 500
3998.84
-1.79%
NASDAQ
11239.94
-1.93%
FTSE
7567.54
+0.15%
CAC 40
6696.96
-0.67%
DAX
14447.61
-0.56%
RTSI
1114.69
+0.64%
Nikkei
27820.40
+0.15%
Topix
1947.90
-0.31%
Hang Seng
19518.29
+4.51%
SSEC
3211.81
+1.76%
CBA Interest Rates
26/03/2020
Refinancing
Refinancing Rate
9.25
+0.00%
Lombard Repo
Lombard Repo Rate
10.75
+0.00%
Deposit
Deposit Rate
7.75
+0.00%
Macroeconomy
10/2022
CEA
Coefficient of Economic Activity
+8.90%
Ind. Prod. 3
Volume of Industrial Production
2,128.5
+9.9%
Export 1
Export
4,129.4
+71.2%
Import 1
Import
6,755.8
+63.5%
CPI
Consumer price index
+8.70
Avg. Salary 2
Average salary
226,621
+14.0%
Services 3
Volume of services
2,074.3
+27.90%
Construction 3
Volume of construction
360,764
+14.4%
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