#outumuro

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“Éramos jóvenes, ingenuos, inquietos,creativos”

La Fábrica

Madrid, 1999

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Iris Apfel by Manuel Outumuro 2016

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PENELOPE CRUZ ━ ph. Manuel Outumuro

[harinicrypto]

Crypto Exchanges Witness $400M Withdrawal Amid Market Correction

Crypto markets are currently seeing subdued performance compared to equities, noted by Lucas Outumuro of IntoTheBlock. Bitcoin and Ethereum have both declined over 10% from their peak values this year, alongside SOL, ADA, and LINK, which retreated by more than 25%, signaling a broader correction.

This downturn coincides with significant reductions in transaction fees: Bitcoin fees dropped 64%, and Ethereum's fell by 36% despite increased on-chain activity. Centralized exchanges reported outflows of approximately $400 million in Bitcoin and higher amounts in Ethereum.

Bitcoin miners sold over 30,000 BTC ($2 billion) since June due to squeezed profit margins after the halving event, causing a 15% decline in hash rate. Government actions, like the German BKA selling $195 million in seized Bitcoin, affected liquidity.

Despite challenges, 87% of Bitcoin holders profit, and Bitcoin's dominance in the market is at a three-year high, contrasting with declining assets. Market sentiment has shifted with recent corrections, yet upcoming developments like Ethereum ETFs could spur market recovery

[coinatory]

DeFi Hacks See Lowest Losses in Two Years Despite $1.7 Billion Stolen in November

A report from IntoTheBlock indicates that despite more than $1.7 billion being stolen in November alone, DeFi hacks are set to record their lowest losses in two years. Data from the blockchain analytics provider reveals that DeFi lending protocols and cryptocurrency bridges were the primary targets for hackers seeking to drain user funds. While lenders experienced 34 attacks resulting in $1.3 billion in losses due to theft, exploiters managed to pilfer almost double that amount in 10 separate incidents. Lucas Outumuro, head of research at IntoTheBlock, categorized DeFi exploits into two risk categories: economic and technical. There is a higher number of technical exploits, but the losses stemming from economic factors are much larger. Most of the economic exploits can be attributed to flawed mechanism design, while the majority of

Read more on DeFi Hacks See Lowest Losses in Two Years Despite $1.7 Billion Stolen in November

[icodesk]

Fake BlackRock XRP Trust Filing Sparks Crypto Sell-Off

The fraudulent document, resembling legitimate filings by BlackRock, created confusion in the market

Cryptocurrency markets witnessed a significant downturn, primarily driven by sharp declines in altcoins. The descent gained momentum in the afternoon, exacerbated by a fake corporate registration filing for the iShares XRP Trust, causing a brief spike in XRP prices. The fraudulent document, resembling legitimate filings by BlackRock, created confusion in the market. XRP retraced its gains after a BlackRock spokesperson disclaimed any association with the filing, leading to a 1.8% decline over 24 hours.

Altcoin Leaders Take a Hit: Solana, Chainlink, and Avalanche Tumble

The crypto market, already on a lower trajectory, faced additional turbulence due to the false news. Solana (SOL), a prominent altcoin that had seen substantial gains, suffered an 8% loss in the past 24 hours. Other altcoins such as Chainlink (LINK) and Avalanche (AVAX) experienced significant declines, with drops exceeding 10% and 13%, respectively.

Major Cryptocurrencies Follow Suit: Bitcoin and Ethereum in the Red

Major cryptocurrencies like Bitcoin (BTC), facing a session low, registered a 2% decline to approximately $36,500. Ethereum (ETH) gave up earlier gains but managed to remain flat over the past 24 hours, hovering above the crucial $2,000 level.

CoinDesk Market Index (CMI) Drops Over 2%

The CoinDesk Market Index (CMI), encompassing nearly 200 crypto assets, reflected the market’s overall downturn with a decline of more than 2%. JPMorgan analysts issued a cautionary report last week, suggesting that the crypto rally, driven largely by enthusiasm for a spot BTC ETF, might be “overdone.” Concerns were raised about investors becoming overly optimistic regarding the influx of new capital into the digital asset space.

Resilience Amidst Market Fluctuations

Lucas Outumuro, the head of research at IntoTheBlock, indicated signs of near-term overheating in the market but noted robust on-chain activity, suggesting the end of the crypto winter. Despite the challenges posed by the fake news and market fluctuations, the underlying on-chain metrics indicated resilience and a potential transition from a period of heightened volatility to a more stable market environment.

Regulatory Uncertainties and Institutional Adoption

The fake registration incident highlighted the vulnerability of the crypto market to misinformation and the potential for rapid price movements based on false reports. As the market grapples with regulatory uncertainties, institutional adoption, and external factors, such incidents serve as a reminder of the need for caution and due diligence in the cryptocurrency space.

JPMorgan’s Cautionary Outlook

While the immediate aftermath of the fake news caused fluctuations and declines, the overall sentiment in the market remains influenced by factors such as the anticipation of spot BTC ETF approvals and broader market dynamics. The JPMorgan report questioning the sustainability of the crypto rally suggests that market participants should carefully assess the underlying factors driving price movements.

Inherent Risks and Caution for Investors

The sharp declines in altcoins underscore the inherent volatility of the cryptocurrency market. Altcoins, known for their price volatility, can experience rapid fluctuations based on various factors, including market sentiment, regulatory developments, and macroeconomic trends. Investors should exercise caution and conduct thorough research to make informed decisions in the dynamic crypto landscape.

In conclusion, the recent downturn in cryptocurrency markets triggered by a fake corporate filing for the iShares XRP Trust highlights the susceptibility of the market to external factors. The incident serves as a reminder of the need for vigilance and due diligence in the crypto space. While short-term fluctuations and false reports can create uncertainty, a focus on on-chain indicators and comprehensive market analysis can provide a more nuanced understanding of the market’s underlying dynamics. As the crypto landscape evolves, market participants should remain attuned to regulatory developments, institutional adoption, and broader market trends to navigate the complexities of the digital asset space.

[ailtrahq]

The price of Bitcoin BTC/USD is once again grappling with the $28,000 resistance level. What Happened: After a dip to just under $27,300 following the release of stronger-than-expected U.S. employment data, the world’s largest cryptocurrency quickly bounced back to just above the $28,000 mark, CoinDesk reported. The price of Bitcoin was up about 1.5% over the last 24 hours, slightly lagging behind the broader CoinDesk Market Index's (CMI) 1.6% gain. See Also: Judge Warns Bankman-Fried’s Defense Team: Repetitive Questioning ‘Needs To Be Curbed’ Meanwhile, Ethereum ETH/USD, the second largest cryptocurrency, broke its losing streak against BTC, growing nearly 2% on the day. Major altcoins Avalanche (CRYPTO: AVAX) and Solana SOL/USD led the market rebound, with gains of 6% and 3.8%, respectively. According to Rachel Lin, CEO of SynFutures, the $28,000-mark is acting as a heavy resistance level for Bitcoin. “A sustained break above $28,100 would be a positive sign and could lead Bitcoin to $30,000,” said Lin. Lucas Outumuro, head of research at IntoTheBlock, noted that Bitcoin’s behavior during the recent bond sell-off is different from last year. “Many of the catalysts that brought BTC down in 2022 are no longer doing so,” Outumuro said. Michael Silberberg, head of investor relations at AltTab Capital, suggested that Bitcoin’s recent stability could indicate its evolution towards a ‘digital gold’ narrative. He added that if Bitcoin maintains its tight trading range, it could attract more institutional inflows seeking uncorrelated assets. Read Next: Bitcoin, Ethereum, Dogecoin Tumble Ahead of Crucial Jobs Data: Analyst Sees A Bearish Flag Pattern In King Crypto, So What’s The Silver Lining? Photo by AlyoshinE on Shutterstock Engineered by Benzinga Neuro, Edited by Navdeep Yadav The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

[virtualcurrencyspace]

More than 50% Of Bitcoin Addresses Are Below Purchase Price

Most addresses holding bitcoin, the largest cryptocurrency, are now losing money, the first time that's happened since the start of the coronavirus-induced crash of March 2020.

Just over 51%, or 24.56 million addresses of the total 47.85 million, are below purchase price on their investments, according to data provided by blockchain analytics firm IntoTheBlock. About 45% are in the money, that is, boasting unrealized gains, while the rest are roughly at breakeven

IntoTheBlock defines out-of-the-money addresses as those that acquired coins at an average price higher than bitcoin's going market rate of $16,067.

The bearish momentum looks overdone, according to IntoTheBlock's Lucas Outumuro.

Previous bear markets ended with the majority of addresses being out-of-the-money.

https://www.coindesk.com/markets/2022/11/21/more-than-50-of-bitcoin-addresses-are-now-in-loss/?outputType=amp

[cryptonewsgap]

Crypto news, On-Chain Metrics Suggest Crypto Is Nearing the Bottom of the Bear Market Despite Recent Price Woes: IntoTheBlock

Crypto news, On-Chain Metrics Suggest Crypto Is Nearing the Bottom of the Bear Market Despite Recent Price Woes: IntoTheBlock

Certain on-chain metrics point out crypto might be nearing the backside of the bear market, in response to the analytics agency IntoTheBlock. Lucas Outumuro, head of analysis at IntoTheBlock, notes in a brand new evaluation that greater than half of Bitcoin (BTC) holders are shedding cash on their positions, a degree not seen since March 2020. In the 2015 bear market that quantity peaked at 62%,…

[rossydepalma]

DearElsa la joya eres tú #50aniversary @elsaperettiofficial 🖤 @tiffanyandco 📷by Master @outumuro_oficial with #elsaperetti silver bracelets #outumuro #tiffanyandco #rossydepalmapics #rossydepalma #fashionandarts https://www.instagram.com/p/CFSIFp8AUe0/?igshid=k3s55547fc8a

[menchupicarzo]

Maravillosa refleción de Outumuro.

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Iris Apfel by Manuel Outumuro 2016

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Penélope Cruz

Foto: Manuel Outumuro

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ELLE Spain, April 1996.

photo: Outumuro

model: Valeria Mazza

[ailtrahq]

Transactions on the L2 network increased by 46% compared to what they were one year ago. Network activity on Base and Optimism has been impressive, but Arbitrum has lost momentum. Most Ethereum [ETH] L2s have since held their ground since launch, as a number of them have excelled in attracting and retaining users while maintaining a healthy level of transactions.  Realistic or not, here’s OP’s market cap in ARB’s terms But when it comes to the Zero Knowledge (ZK) and optimistic rollup groups, the latter has remained dominant. Out to do the numbers This assertion was evident in a recent post by Lucas Outumuro on X (formerly Twitter). Outumuro, who is the Head of Research at IntoTheBlock, noted that the adoption of the likes of Arbitrum [ARB], Optimism [OP], and Base have been impressive. Typically, adoption for most blockchain projects is measured by the level of network growth. This is the number of new addresses not just joining the network but also interacting with it.  A year ago, the optimistic rollups only had a 16% share of daily L2 transactions. But in September, the trio had a combined share of 67%, Outumuro noted. Ethereum Layer 2 adoption has been increasing steadily in 2023 The share that optimistic roll-ups have out of the number of daily transactions has been averaging 67% in September, compared to just 16% a year ago pic.twitter.com/gTduPxMO4g — Lucas (@LucasOutumuro) September 27, 2023 However, it is important to note that one year back, most of the projects were still in the Testnet stage. Only Optimism, whose Mainnet launched on 31 May 2022, was in full development. Hence, this could be one of the reasons for the tremendous growth.  Meanwhile, the Ethereum Mainnet still ranks first as having the highest Transactions Per Second (TPS) at 11.93. However, Base, Arbitrum, and Optimism have had more growth than Ethereum in this regard in the last seven days, L2BEAT revealed.  Source: L2BEAT The growth of these optimistic rollups is a testament to the speed and efficiency smart contracts and dApps get by employing the L2s. But has this also had a positive effect on daily users? OP, Base in prime position; ARB lags Well, data from Blockscan showed that new unique addresses on Arbitrum have decreased to 1.43 million. This decrease has, in turn, resulted in a reduction of transactions on the Arbitrum network.  For Base and Optimism, it has been the other way around. On 22 September, Optimism’s daily new unique addresses rose to 1.2 million. But that number has decreased at the time of writing. How much are 1,10,100 OPs worth today? Base, which is relatively new compared to the other two, also had a similar trend to Optimism. On 22 September, the new addresses on Base jumped to 782.860, the highest number Base registered since the month began. At press time, the unique addresses on the network were 665,890. Source: Blockscan