OVERVIEW

Green Candles Hug Me, Red Candles Stab Me

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

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Crypto News 📰

🐋 Ethereum Whales Cash Out—Should We Be Worried?

Some big Ethereum players are offloading their holdings, selling over 45,000 ETH recently. An ancient wallet from the ICO days suddenly moved 40,000 ETH to Kraken, and another whale unstaked and sold thousands more. When long-term holders start selling, it often raises eyebrows—and concerns. Finbold.

🇪🇺 Tether Scrambles as Coinbase Eyes USDT Delisting in Europe

Facing the potential delisting of USDT from Coinbase in Europe, Tether is rushing to develop a new tech solution to comply with the EU's MiCA regulations. CEO Paolo Ardoino expressed concerns over strict cash reserve requirements, warning they could pose risks to banks and digital assets. CryptoBriefing.

💰 IMF Skeptical of El Salvador's Bitcoin Gamble

El Salvador's embrace of Bitcoin isn't sitting well with the IMF, making the organization hesitant to issue new loans. With $188 million owed and more financing needed, El Salvador's decision to adopt Bitcoin as legal tender complicates its standing with international lenders. The IMF's skepticism could put a strain on the country's financial future. Protos.

🎬 HBO Joins the Hunt for Satoshi

HBO is set to release "Money Electric: The Bitcoin Mystery," claiming to reveal who Satoshi Nakamoto really is. Directed by Cullen Hoback, who previously unmasked the supposed QAnon leader, the documentary alleges they’ve solved Bitcoin's greatest mystery. Crypto enthusiasts are skeptical, and many think it's best if Satoshi stays anonymous. Let's see if HBO brings anything new to the table. CoinDesk.

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