Turned – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sat, 02 Aug 2025 02:34:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Turned – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bitcoin fake out? Research firm says it has turned its momentum over https://earlybirdsinvest.com/bitcoin-fake-out-research-firm-says-it-has-turned-its-momentum-over/ https://earlybirdsinvest.com/bitcoin-fake-out-research-firm-says-it-has-turned-its-momentum-over/#respond Sat, 02 Aug 2025 02:34:24 +0000 https://earlybirdsinvest.com/bitcoin-fake-out-research-firm-says-it-has-turned-its-momentum-over/

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The soccer price for the Lion and Player is soft. I hate each of my arcu lorem, ultricy kids, or ullamcorper football.

According to market analytics firm SwissBlock, Bitcoin’s latest push to $120,000 has now fallen into a stall-out similar to a “failed breakout zone.” In a thread on July 31, the company said “the momentum didn’t ignite,” claiming that the overwhelming share of the coin sitting in the commercial flow that was realized and profits has been transformed into an opportunity to meet prices.

Earn profits and the Bitcoin Rally will be cooled

SwissBlock assembled the set fold as a pause rather than a breakdown. “Profit acquisitions are on the rise, but not as intense as the second half of 2024,” the company wrote, adding that the effect through July is “sufficient to cause rise and consolidation.” The tone is cooled and not yielding. “We see sales pressure, but not extreme. Think cooling, not yield.” That diagnosis rests on on-chain measurements of realized profits. This is an input that tends to expand into rallies as years of coins are spent powerfully, and a market structure in which bids absorb supply rather than overwhelmed.

Related readings

The most impressive data point in a thread is its breadth of profitability. “96% of the supply is profit,” SwissBlock points out, and GlassNode says. The ratio historically coincides with the happiness of the later cycle, but is mechanically self-limiting. With almost all holders on the green, potential sales pressure rises as “unrealized profits are captivating sellers.” As SwissBlock said, “The strong holders remain. But unrealized profits will attract sellers. Each bounce will bring about supply until demand returns.” The company claims the broader trend is “until it is, but the momentum needs to be reset.”

Beyond the realised flows on-chain, the company’s composite foundation reads neutrality with improved liquidity. “The BTC foundations are strong and stable,” writes SwissBlock, pointing out that a 60 (neutral) Bitcoin Basic Index reads, “network growth is cooled,” and “liquidity is recovering.” That mix usually supports a range of behavior, as the Post said, “environment that supports integration” (Bitcoin can be “long-splitting to the side”) over a surge in directionality. The meaning is that the market’s “breakout failure” risk reflects timing rather than trend reversal. For a continuous continuity, positioning and liquidity are still not aligned.

Related readings

The cross-asset context is equally subtle. “Altsesason is active, but under stress,” writes Swissblock, saying, “$ETH continues to structurally outperform BTC and holds this pullback better.” Its thin spinning highlights the selectivity of risk appetite and the vulnerability of momentum other than the biggest name. Historically, that pattern often precedes the decisive movement of Bitcoin that recharges or destroys spins.

The assessment of SwissBlock’s conclusions is carefully and constructively leaning. “Between profits is declining and sales pressure is being absorbed. BTC is preparing for a breakout, but we need to match momentum.” The company is hoping for a grind until that consistency arrives. Bidding continues to meet supply from profitable owners, easing profits and increasing liquidity in the background. If Bitcoin returns momentum to positive, the Swiss block claims that spillover could be powerful.

In short, today’s $115,000 drop appears to be a more utter rejection than a test of the market’s ability to consume profits and reset momentum without damaging the underlying uptrend. With 96% of supply being compressed in profits and widths, the next impulse may depend on whether liquidity and demand can be re-registered before making profits. For now, the SwissBlock message is clear. You need to get a breakout, but it’s not expected.

At the time of pressing, BTC traded for $115,452.

Bitcoin Price
BTC floats under Key Resistance, 1 Day Chart Source: BTCUSDT on tradingView.com

Featured images created with dall.e, charts on tradingview.com

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Coinbase Bitcoin Premium Just Turned Red For The First Time Since May — What This Means https://earlybirdsinvest.com/coinbase-bitcoin-premium-just-turned-red-for-the-first-time-since-may-what-this-means/ https://earlybirdsinvest.com/coinbase-bitcoin-premium-just-turned-red-for-the-first-time-since-may-what-this-means/#respond Fri, 01 Aug 2025 10:54:14 +0000 https://earlybirdsinvest.com/coinbase-bitcoin-premium-just-turned-red-for-the-first-time-since-may-what-this-means/

Coinbase’s Bitcoin premium has dropped into negative territory for the first time since May. This development is bearish for the flagship crypto as it suggests that demand from the U.S. may be waning. 

Coinbase Bitcoin Premium In The Red

CryptoQuant data shows that the Coinbase Bitcoin Premium Index is at -0.00254829, marking the first time it has been in the red since May 29, when it was at -0.01626105. This Index tracks the difference between the Bitcoin price on Coinbase and the Bitcoin price on Binance. It is also used to gauge the spot demand for BTC from institutional and retail investors in the U.S. 

Related Reading

As such, this development suggests that the demand for BTC among U.S. investors is currently low. This is significant considering that Bitcoin rallies to new highs have coincided with the Coinbase premium being in positive territory. This highlights how much demand from the U.S. contributes to BTC’s uptrend. 

In recent times, this demand has mainly come from the Bitcoin ETFs, with Coinbase acting as a custodian for eight out of the eleven spot BTC funds. Notably, the drop in the Coinbase Bitcoin premium coincides with the drop in the net inflows and increase in outflows from these funds. 

Bitcoin
Source: CryptoQuant on X

SoSo Value data shows that these funds recorded net outflows of $114.83 million on July 31. Before now, they had also gone on a 3-day streak of consecutive net outflows between July 21 and 23. This indicates a wave of profit-taking among these investors, especially following the recent Bitcoin rally to a new all-time high (ATH) of $123,000. 

In an X post, CryptoQuant also confirmed this wave of profit-taking. The platform revealed that Bitcoin just saw its third major profit-taking wave of this bull run. Realized profits spiked to between $6 and $8 billion in late July, similar to March and December 2024 peaks. CryptoQuant added that it was new whales who led the selling above $120,000. 

New Investor Dominance Is Growing With Market In Stable Condition

In a CryptoQuant on-chain analysis, analyst Axel revealed that new investor dominance is growing and that the market is still stable in this late Bitcoin bull cycle phase. He alluded to the demand and supply between new and old investors metric and noted that the peaks of 64% in March 2024 and 72% in December 2024 coincided with local price maximums. 

Related Reading

The analyst noted that during those periods, the influx of new liquidity into Bitcoin was exhausted, and old holders began actively taking profits. However, this time is different, as the current value of the demand and supply between new and old investors is 30%, which is only half of the overheated levels. 

Axel added that the trend is directed upward as the cumulative activity of young coins has been steadily growing since July 2024. The analyst remarked that this indicates that a notable layer of new buyers is entering the Bitcoin market. Meanwhile, pressure from the old holders is not yet critical. 

At the time of writing, the Bitcoin price is trading at around $115,550, down in the last 24 hours, according to data from CoinMarketCap.

Bitcoin
BTC trading at $114,152 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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How the US turned the tide on drug overdose deaths https://earlybirdsinvest.com/how-the-us-turned-the-tide-on-drug-overdose-deaths/ https://earlybirdsinvest.com/how-the-us-turned-the-tide-on-drug-overdose-deaths/#respond Sun, 18 May 2025 10:53:46 +0000 https://earlybirdsinvest.com/how-the-us-turned-the-tide-on-drug-overdose-deaths/

In 2020 and 2021, before I came to Vox, I worked as the future correspondent at Axios — yes, that was the actual job title — and I found myself writing almost solely about the Covid-19 pandemic, or major trends that appeared to be driven by the pandemic.

One of those trends was an alarming rise in drug overdose deaths. The trajectory was already bad before Covid: Between the widespread prescription and misuse of legal opioids and then the introduction of the ultra-powerful drug fentanyl to the illicit drug supply, overdose deaths in the US began taking off in the early 2010s. But the closure of treatment facilities during the pandemic and the isolation of users led to a sudden spike in deaths: In the year leading up to September 2020, as I wrote in April 2021, more than 87,000 Americans died of drug overdoses, a higher total than any 12-month period of the opioid epidemic up to that point.

Chart showing US drug overdoses are finally declining

After publishing that piece, I received a letter from a reader, who said her son had been one of those 87,000 deaths. She begged me to give this issue more coverage, to remind my readers that behind the Covid pandemic, there was a shadow epidemic of drug deaths, of lost sons and daughters and husbands and wives. People had to stop closing their eyes to the toll of death and pain.

In the years that followed, the toll only continued to grow, however, with deaths reaching 110,000 in 2023. There seemed to be no answer for one of the worst public health crises in a generation.

But now, at long last, we finally appear to be turning the corner on the drug overdose crisis.

Provisional figures from the Centers for Disease Control and Prevention’s National Vital Statistics System released this week show that some 27,000 fewer Americans died of a drug overdose in 2024 than in 2023. That year-on-year drop is the steepest single-year decline since the government first began keeping track of overdose deaths 45 years ago. It means that drug deaths are now finally coming back down to pre-pandemic levels — and that we can make progress on what can seem like the most intractable social ills.

To put that 27,000 drop in deaths into perspective, think of it this way: It adds up to three lives saved every hour for an entire year.

What’s remarkable about the rapid drop in overdose deaths is just how widespread the trend is. Forty-five states recorded declines in deaths, with Ohio and West Virginia — two states that have suffered more than almost any other from the opioid epidemic — leading the way. Only a handful of states, mostly in the Northwest, where the epidemic started later, experienced increases.

While synthetic opioids, which mostly means fentanyl, are still responsible for the vast majority of overdose deaths, deaths from such drugs are falling faster than any other, declining by 36 percent year over year.

Reversing the overdose epidemic

One of the biggest factors behind the decline is the growing availability of naloxone, an opioid antagonist. If administered in the immediate aftermath of an overdose, naloxone has been shown to be close to 99 percent effective in preventing death. The key is speed — even the fastest emergency medical responders may not make it to the scene in time to save someone suffering an overdose. But recent policies to make naloxone available over the counter, and to advise users to have it on hand, have made it possible to bring back thousands of people who otherwise would have died.

While the pandemic directly led to a significant spike in overdose deaths, policies that came out of Covid have helped curb the toll, including telehealth access to medicine-based treatment options for addiction like buprenorphine. All of these programs have been paid for in part by the billions of dollars in opioid-settlement cash from drug companies like Johnson & Johnson, which began flowing to state and local governments in 2024. Tougher enforcement on fentanyl has played a role as well.

Lastly — and less positively — the sheer number of overdose deaths in the past few years has depleted the number of people at highest risk. Like an infectious disease epidemic that slows down as it begins to run out of new people to infect, the overdose epidemic burned so hot and killed so many that drug users who were left were less vulnerable to fatal overdoses.

The news isn’t all good. While synthetic opioids like fentanyl appear to be in a steep decline, deaths actually rose last year from stimulants like meth and cocaine, with production of the latter surging to new highs. The increase in deaths in a handful of states like Alaska and Washington demonstrates that in some parts of the country, at least, there are still populations that remain highly vulnerable to fatal overdoses.

Most worryingly, the Trump administration’s draft budget proposes major cuts to naloxone distribution, which could take the most potent tool for stopping overdose deaths out of the hands of those who need it most.

Still, we should recognize this new data for what it is — evidence that, with effort, we can reverse the course of one of the biggest public health threats the US faces. Thousands of people are alive today who, if nothing had changed since I was writing about this epidemic in 2021, might have suffered a worse fate.

Drug addiction is a horrible disease that can destroy futures, families, and lives. But where there is life, there is hope. Every overdose victim brought back by a spray of naloxone has another chance to change their future, and ensure that they won’t become another statistic.

A version of this story originally appeared in the Good News newsletter. Sign up here!

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FBI’s Most Wanted: $10 Million Bounty on Ex-Olympian Turned Drug Kingpin https://earlybirdsinvest.com/fbis-most-wanted-10-million-bounty-on-ex-olympian-turned-drug-kingpin/ https://earlybirdsinvest.com/fbis-most-wanted-10-million-bounty-on-ex-olympian-turned-drug-kingpin/#respond Sat, 08 Mar 2025 09:03:01 +0000 https://earlybirdsinvest.com/fbis-most-wanted-10-million-bounty-on-ex-olympian-turned-drug-kingpin/

US authorities are offering a $10 million bounty for information leading to the capture of Ryan Wedding, a former Canadian Olympic snowboarder.

According to a March 6 announcement from the Federal Bureau of Investigation (FBI), Wedding is accused of running a large drug trafficking operation, moving cocaine and fentanyl into North America, and using USDT
USDT


$0.9984

to launder money.

The FBI has also placed him on its Ten Most Wanted Fugitives list, adding a $50,000 reward for tips that directly lead to his arrest.

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In October 2024, the Department of Justice (DOJ) charged Wedding and 15 others with drug trafficking and violent crimes. His alleged partner, Andrew Clark, has been arrested in Mexico, but Wedding remains a fugitive. Authorities believe he is still in Mexico and may be under the protection of the Sinaloa cartel.

If convicted, Wedding and Clark could face a mandatory life sentence for running a criminal enterprise. The murder charges carry a minimum of 20 years, while drug trafficking convictions could result in 10 to 15 years in prison.

Akil Davis, assistant director of the FBI’s Los Angeles Field Office, said:

Wedding went from shredding powder on the slopes at the Olympics to distributing powder cocaine on the streets of US cities and in his native Canada.

Recently, the Australian Securities and Investments Commission (ASIC) charged Brendan Gunn, the brother of Olympic breakdancer Rachael “Raygun” Gunn. Why? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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The Russian Secret Service just seized the Russian crypto exchange: Is the hyper-bitcoinized race turned on? https://earlybirdsinvest.com/the-russian-secret-service-just-seized-the-russian-crypto-exchange-is-the-hyper-bitcoinized-race-turned-on/ https://earlybirdsinvest.com/the-russian-secret-service-just-seized-the-russian-crypto-exchange-is-the-hyper-bitcoinized-race-turned-on/#respond Sat, 08 Mar 2025 05:39:10 +0000 https://earlybirdsinvest.com/the-russian-secret-service-just-seized-the-russian-crypto-exchange-is-the-hyper-bitcoinized-race-turned-on/ Garantex, a Russian crypto exchange suspected of being linked to Shady Banks and Criminal Networks, is gone.

This takedown hasn’t been subtle for years. US and European regulators have been turning for a long time using Garantex as a poster child to what happens on unregulated platforms that get too close to fire. message? Noos is tightened for the codeless.

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

Russian Crypto-Swap Garantex Adjusted Repression

Garantex’s site is dead and has been replaced by a dull seizure notification from the US and Russian Secret Service. Additionally, spokesman Nate Herring confirmed Takedown as part of a “continued investigation” although details remain under the wrap.

The action follows Tether’s controversial decision to freeze $28 million on USDT related to Garantex on March 6th. Importantly, the participation of Stablecoin publishers demonstrates an increasingly collaborative approach between law enforcement and major crypto organizations to combat illegal activity within digital asset ecosystems.

Explore: Best Meme Coins ICOS for Investing in March 2025

Blockade and Garantex’s reaction

Responding to the situation, Garantex issued a statement via its telegram channel, repeatedly blaming Tether and reiterating its determination to resolve the issue.

“We’re fighting and we won’t give up,” Exchange said, adding that “we temporarily suspended all services, including the withdrawal of cryptocurrency, while the entire team resolved this issue.”

The frozen assets reportedly amount to over 2.5 billion rubles (approximately $25 million), further complicating the long-standing exchange situation.

Garantex has been full on the side of Western authorities for many years. It was approved by the US Treasury OFAC in April 2022. This was accused of pouring over $100 million into suspicious operators with support from the FBI and German authorities.

Among the accusations were nearly $6 million in connection with the infamous Conti ransomware gang and $2.6 million from Hydra, the now-dead darknet bazaar.

Impact on the crypto industry

The seizing of Garantex assets and takedowns on its site is merely the latest salvo in the fight over Crypto’s soul. By asserting its ties with authorized Russian entities, US authorities have folded the code into a broader narrative of geopolitical enforcement.

This also raises questions. Are we and Russian officials cracking down on the code or quietly stocking up on it in the digital arms race?

(coinmcap)

The takedown of Garantex website is bolstering the fight against crypto platforms accused of promoting illegal trade. The message is clear as international organizations come together. The day has come for judgment for an unregulated exchange.

Radar fallout could reconstruct Crypto’s future. Tether’s role in asset freezes points to an industry that walks the tiny line between compliance and freedom. Regulators call it accountability. Skeptics call it a slow-concentration.

Exploration: XRP Price Jumps 11% after SEC Crypto Unit XRP ETF Progress

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Key takeout

  • Garantex, a Russian crypto exchange between the suspicious bank and the criminal network, has been seized.

  • Radar fallout could reconstruct Crypto’s future.

The Russian Secret Service just seized the Russian crypto exchange: Is the hyper-bitcoinized race turned on? It first appeared in 99 Bitcoin.

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Unnamed US Bank Turned On a Dime To Refuse Service to Crypto Firm Anchorage Digital, According to CEO: Report https://earlybirdsinvest.com/unnamed-us-bank-turned-on-a-dime-to-refuse-service-to-crypto-firm-anchorage-digital-according-to-ceo-report/ https://earlybirdsinvest.com/unnamed-us-bank-turned-on-a-dime-to-refuse-service-to-crypto-firm-anchorage-digital-according-to-ceo-report/#respond Mon, 17 Feb 2025 17:36:51 +0000 https://earlybirdsinvest.com/unnamed-us-bank-turned-on-a-dime-to-refuse-service-to-crypto-firm-anchorage-digital-according-to-ceo-report/

A high-profile CEO in the crypto space reportedly says that an American bank suddenly decided to shut the company out from banking services, supporting previous rumors of “de-banking” in the digital asset industry.

Anchorage Digital CEO Nathan McCauley says that a bank – who is yet to be named – essentially turned off their bank account for unexplained reasons after two years of working with the lender, reports CNBC.

“Our story is pretty ridiculous… We had a bank that we had a growing relationship with for a number of years, who basically on a dime, decided to turn off our bank account.”

McCauley didn’t mention the name of the bank and a spokesperson for Anchorage declined to provide any other details with CNBC.

The CEO says the bank cut them off in June of 2023, around the same time that numerous reports of “Choke Point 2.0” – or a coordinated effort by the government to shut down the crypto industry – were running rampant.

Says McCauley,

“You can only imagine what was happening to the smaller entrepreneurs who didn’t have the resources to be able to marshal in order to keep their bank accounts open.”

Last month, US Senator Cynthia Lummis (R-WY) said she wants the Federal Deposit Insurance Corporation (FDIC) to secure materials that could be related to the government’s alleged efforts to de-bank crypto firms.

In a letter to FDIC chair Marty Gruenberg, Lummis said whistleblowers claim that the deposit insurer is destroying materials linked to its digital asset activities.

The senator said the FDIC’s alleged efforts to destroy and conceal materials related to Operation Choke Point 2.0 are unacceptable and illegal.

“If it is uncovered that anyone within the FDIC has knowingly destroyed materials or sought to obstruct the oversight functions of the Senate, it will result in swift criminal referrals to the U.S. Department of Justice. The American people deserve transparency, and I will see to it that they get the answers they deserve.”

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