The crypto market is experiencing a significant slowdown, as highlighted by Glassnode. Recent data reveals that spot volumes, exchange flows, and volatility metrics are at extreme lows. This development matters because it may prompt traders to reevaluate their strategies amidst declining market activity. For more insights, check out the full report here.
Market conditions have shifted notably, with spot volumes and exchange flows reaching unprecedented lows. This quietness in the market suggests a lack of trading activity and could indicate a broader sentiment shift among traders. Glassnode’s observation about treasuries out-yielding the crypto carry trade for the second time on record adds another layer of complexity, as it may redirect investor focus towards traditional assets over cryptocurrencies. The implications of these trends could be significant, leading traders to adjust their risk management approaches as they navigate this uncertain environment.
Glassnode is a leading blockchain analytics firm that provides insights into cryptocurrency market dynamics. Their analysis often guides traders and investors in understanding shifts in market sentiment and trading behaviors, making their reports particularly influential. The current regulatory environment also plays a role in their analysis, as changes in financial policies can directly impact crypto trading activities.
Traders should keep a close eye on market volumes and treasury yields moving forward. The ongoing low trading activity could signal potential volatility ahead, especially if market participants start reacting to shifts in economic indicators. As traders reassess their positions, they may look for signs of an impending recovery or further decline, making this a critical period for strategic planning.
The post Market Activity Plummets as Spot Volumes Hit Extremes appeared first on Coinfomania.
The Nairobi Securities Exchange and Tether signed a memorandum of understanding to advance digital asset adoption, blockchain infrastructure and investor education in Kenya. Expansion of
The US Treasury has sanctioned two Iranian maritime firms involved in an alleged Islamic Revolutionary Guard Corps (IRGC)-backed insurance network, saying one accepted Bitcoin (BTC) and other digital assets to bypass Western sanctions. On Wednesday, the Treasury’s Office of Foreign Assets Control (OFAC) said that Persian Gulf Marine Insurance Company and HormuzSafe Marine Services Authority were integral to what it described as an IRGC-backed insurance network that required commercial vessels to buy approved coverage before transiting the Strait of Hormuz. The firms were designated for operating in Iran’s financial sector.The action comes after earlier reports that Iran was considering a Bitcoin-based maritime insurance platform. US authorities now allege the network generated revenue for the IRGC. Treasury also sanctioned eight companies linked to Iran’s shadow fleet and identified eight vessels as blocked property.OFAC said HormuzSafe accepted BTC and other crypto as part of efforts to evade sanctions. It alleged that the platform generated revenue on behalf of the IRGC while helping Iran exert greater control over shipping through the strait. “The United States will not allow Iran to hold global commerce hostage,” Treasury Secretary Scott Bessent said, accusing the regime of using international shipping to finance the IRGC. HormuzSafe shifts from reported proposal to sanctions target On May 18, screenshots of the HormuzSafe website had circulated online offering “digital insurance” for maritime cargo, with policies payable in Bitcoin. At the time, reports suggested Iran was still considering the insurance-based model, and the website was inaccessible when checked. Iranian state-linked media Fars News Agency said the proposed platform could issue marine insurance policies and certificates of financial responsibility while potentially generating over $10 billion in revenue. The Strait of Hormuz handles about one-fifth of the global oil trade, meaning efforts to monetize or control traffic through the waterway carry significant implications for international energy markets.Related: Bitcoin threatens $62K in risk-asset rout as President Trump says US will ‘run’ closed Hormuz StraitEarlier reports, citing the Bitcoin Policy Institute, said Iran accepted oil toll payments in Chinese yuan, Tether USDt (USDT) and Bitcoin, though there was no onchain evidence that any Bitcoin payments had yet been made.Bitcoin may be attractive to sanctioned actors because it has no centralized issuer capable of freezing funds, unlike centralized stablecoins whose issuers can block addresses. In April, US authorities froze $344 million in USDT stablecoin linked to Iran. Magazine: Inside the ‘fake police raid’ that forced a $1M Bitcoin transfer
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