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Fenrir_Crypto
02.12.2021
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Cointelegraph
02.12.2021
Chinese crypto ban poses no threat to local industry media, sources say
Chinese crypto media are reportedly keeping a low profile on their websites and are focusing on growing communities on Twitter and Telegram.

While some major Chinese cryptocurrency-related publications seem to be shutting down, a number continue to be run by local news agencies that have switched to social media like Twitter.

China’s most recent crypto ban would not significantly affect local crypto media sources as there are a number of ways to disseminate industry information, according to an executive at one of the biggest crypto publications in China.

The exec, who asked to remain anonymous, told Cointelegraph on Wednesday that several local crypto sites have been moving their community to other media channels like Twitter and Telegram after the government enforced a new crypto ban in September.

“They are trying to share more info there and keep low key on their websites,” the person said, adding, “We can get all the info we want from Twitter.”

“More Chinese people came to Twitter and Telegram, some of them also have high quality,” another crypto media insider, who also wished to remain anonymous, told Cointelegraph.

They noted that the People’s Bank of China declared all “virtual currency-related business activities” illegal, which caused some cloud service providers to cut services to websites like BlockBeats and Odaily. But this didn’t prevent them from posting industry news as they continued operating through new domains and shifted focus to posting on Twitter and Telegram.

According to the media insider, ​​these websites were blocked because they are based in Beijing. “Media outside Beijing are not blocked,” the person said. Some crypto publications like Jinse, Panews and 8btc were apparently not affected by the latest crypto ban.

The Chinese crypto media exec stressed that the crypto world is fated to be decentralized, stating:

“There’s always hope for the Chinese crypto industry. We still have information sources and we keep getting more and more users, evangelists, developers and others. There’s nothing to worry about. Everything happens for the best.”

One Chinese crypto side, major industry source ChainNews, went offline in November.

According to Cointelegraph’s sources, ChainNews decided to shut down services late that month. The publication’s last post on its Telegram channel is dated Nov. 25. The website had more than 1.5 million visits last month, according to data from SimilarWeb.
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Unfolded
02.12.2021
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intotheblock
02.12.2021
#Bitcoin Perpetual Swaps Open Interest is currently at a new all-time high.

The dollar amount of these open positions has surpassed $23 billion for the first time ever and it is up 126% since the September 21st low.

Chart: https://app.intotheblock.com/coin/BTC/deep-dive?group=derivatives&subgroup=perpetual&chart=open-interest
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CryptoQuant
02.12.2021
Today's BTC QuickTake (2021/12/2)

📈 The average amount of flows to derivative exchanges from other exchanges is increasing , possibly to punt long positions.

https://cryptoquant.com/quicktake/61a7a0bbae58271d2bf76936-Whale-Flow-Mean-30DMA?utm_source=telegram&utm_medium=sns&utm_campaign=Quicktake&utm_content=BaroVirtual

📉 Futures market is getting heated as aggregated open interest is increasing while the price is going down. The average amount of exchange inflows are skyrocketed lately.

https://cryptoquant.com/quicktake/61a7f6915ebc04676ee309dd-FUTURES-MARKET-IS-GETTING-OVER-LEVERAGED?utm_source=telegram&utm_medium=sns&utm_campaign=Quicktake&utm_content=CryptoVizArt
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Glassnode
02.12.2021
#Bitcoin Average Spent Output Lifespan has returned to a relatively low level of 35-days after peaking in late Oct.

ASOL trends higher as older coins spend, taking profits

During corrections, declining ASOL is a signal investor confidence is improving, and fewer coins are spent

Live Chart
https://studio.glassnode.com/metrics?a=BTC&category=&chartStyle=column&ema=7&m=indicators.AsolAccountBased&mAvg=0&mMedian=0&s=1597195109&u=1638316800&zoom=
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Unfolded
02.12.2021
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Unfolded
02.12.2021
Silk Road founder Ross Ulbricht to launch NFT collection

https://decrypt.co/87404/silk-road-founder-ross-ulbricht-launch-nft-collection-ethereum
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varunpersonal91
02.12.2021
Moving Forward Always
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HerculesOraculus
30.11.2021
Pls Satoshi
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ElliottLostmykeys
Nope…we all gonna look bad tomorrow…remember when you told me to invest? Thanks!!!
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SonnyNakafomo
Every thanksgiving crypto is in the toilet and bounces out first week of December then drops back in the toilet just in time for Christmas and the New Years
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SonnyNakafomo
@HerculesOraculus , sometimes I think it’s just so we can’t say shit during the family get together)) holiday crypto curse is real
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RichardKing
@SonnyNakafomo , It’s cause everyone sells to make ends meet, buy presents, other bs
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SonnyNakafomo
@RichardKing , yep pretty much 😂 perfect season to buy dips but annoying if you want to pull any profits
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DonaldMcBlockface
Now or never
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RogerTheRippler
Can the devs do something!?
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BabyYoda
Btc played us lol
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DonaldMcBlockface
30.11.2021
$ETH Amount of Supply Last Active 3y-5y (1d MA) just reached a 7-month high of 18,250,217.826 ETH

Previous 7-month high of 18,079,354.723 ETH was observed on 01 May 2021
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LordSatoshi
30.11.2021
SEMI-SHOCK: Fidelity launching a spot bitcoin ETF in Canada this week. Didn't know about this. Will easily be the biggest asset manager to date with a bitcoin ETF.
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LordSatoshi
This should be embarrassing for the SEC that one of America's biggest, most storied names in investing is forced to go up North to serve its clients. But it prob won't matter.
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SonnyNakafomo
Do you think Greyscale’s position re:APA moves the needle at all for spot ETF approval?
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SonnyNakafomo
@SonnyNakafomo , Prob not. Genz doesn't seem like kind of guy who can be influenced.
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DonaldMcBlockface
Why Canada
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RogerTheRippler
@DonaldMcBlockface , SEC prohibits funds from holding physical BTC.
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MinerASIC
This is starting to get ridiculous...
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BabyYoda
@MinerASIC , Starting??
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FibbonacioBitcoins
That $FBTC ticker is a bit ironic. Almost like they're saying F BTC, which they're not.
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HODLTON
@FibbonacioBitcoins , F stands for Faith
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