EURJPY

So, Polymarket traders are putting their money where their mouths are, saying the Israel-Hezbollah front will stay hotter than a bagel straight out of the oven, even with the US and Iran calling a two-week timeout. The “Israel x Hezbollah ceasefire by…?” market has hit $745,900 in volume, with June 30 at 70% for “Yes” and April 30 at 55% for “Yes.” Basically, traders think a ceasefire this month is about as likely as Larry David showing up to a bar mitzvah without complaining about something.

Adam Back, in a move likely to be described in history books as “politely exasperated,” has declared that he is not Satoshi. Any perceived similarities between his early work and Satoshi’s writings are, he assures us, mostly coincidence-or a cosmic joke by a prankster god with a peculiar sense of irony.

The report, grandly titled “Effects of Stablecoin Yield Prohibition on Bank Lending,” assures us that banning these rewards would barely tickle the banks. A mere 0.02% increase in lending, or $2.1 billion, is all the tremor it would cause in the vast ocean of finance. One might say, with a smirk, that the banks’ worries are as substantial as a snowflake’s chance in hell.

The grand gesture came after several days of rising tension, only hours after Trump had threatened Tehran with a military strike, should they fail to reopen the Strait of Hormuz. The drama! And, just as expected, Bitcoin immediately rose by 2.55%, reaching $72,150 like a teenager who just got their allowance. It’s funny how the markets love a bit of drama.

Zcash’s price has seen its biggest jump since early February, accompanied by the highest trading volume in two months. However, a significant increase in open interest – up 61% – combined with negative funding rates suggests many traders are betting the price will fall. The future price of Zcash in April will likely depend on whether large investors who are optimistic about Zcash, or those betting against it, prove to be right.

Bitcoin stands at a moment of gravity and jest alike. Two portents, like weary travelers, approach together and compel the mind to listen with a tremor in the heart to what may come next.

Looking at the blockchain data, I’m seeing a significant increase in Bitcoin that was last moved on-chain between $60,000 and $70,000. Glassnode’s data shows this amount has jumped from just over 1 million BTC on January 1st to nearly 1.85 million BTC now. This increase of over 844,000 BTC strongly suggests that some investors stepped in and bought the recent dip below $70,000.

As a crypto investor, I’m really watching this – Morgan Stanley just officially jumped into the spot Bitcoin ETF game! They’ve launched the Morgan Stanley Bitcoin Trust (ticker: MSBT) on the NYSE, and it sounds like it’s going to start trading very soon. According to Eric Balchunas at Bloomberg, who follows these things closely, this listing announcement usually means a launch is right around the corner, which is great news for those of us in the space.

A new dispute has emerged in the cryptocurrency world. Star Xu, the founder of OKX, has refuted allegations made in Changpeng Zhao’s book, ‘Freedom of Money.’ Zhao claims Xu informed Chinese authorities about Huobi Founder Li Lin in 2020, leading to Lin’s short-term imprisonment.

According to a recent post by Wu Blockchain, Binance Labs invested $3 million in Terra back in 2018, hoping the project’s blockchain would succeed. This investment earned them about 15 million LUNA tokens. By April 2021, during the peak of the crypto bull market, those tokens were worth around $1.6 billion, at least on paper.