🪙 BTC Dominance

What we’ll cover today:

🪙 BTC dominance stalls altseason dreams

🚀 ZORA rockets on whale power (but danger ahead)

✈️ ETH dev detained in Turkey crackdown

Bitcoin’s Still Hogging the Spotlight 🪙

Bitcoin’s having its main-character moment, and big institutions aren’t letting go. Ethereum’s trying to join the party but still waiting outside.

🚨 Breaking News:
Bitcoin dominance is stuck at high levels post-halving, as institutions park money in BTC, delaying the usual “altseason” shift.

⚡ Wire Simplified:

• BTC dominance usually drops 230 days after halving. This time? Nope.

• Institutional ETFs and treasuries keep BTC funds locked in for the long haul.

• ETH’s gains are strong (100% vs BTC’s 40%), but not enough to trigger a rotation.

• U.S. tokenization and staking ETF approvals could help ETH steal some shine.

• Altseason vibes? Still on pause until BTC loses its grip.

✔️ Straight to the Point:
BTC’s still the teacher’s pet. Until big money loosens its grip, altcoins will just be warming the bench.

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ZORA Shoots for the Moon… but Watch the Landing 🚀

ZORA’s token is moonwalking this month, with whales throwing cash in. But traders smell a short squeeze brewing.

🚨 Breaking News:
ZORA hit $0.139, up 160% this month, thanks to whale accumulation and hype around its “creator coin” economy on Base.

⚡ Wire Simplified:

• Whales boosted holdings 16% in 7 days, big wallets love it.

• Base app’s creator coin system mints tokens for every post, over 2M made.

• $512M in trading volume drives constant on-chain action.

• Futures funding rates turned negative, shorts are circling.

• RSI at 81 means overbought territory. Correction possible if support at $0.10 fails.

✔️ Straight to the Point:
ZORA’s hot right now, but overbought charts and growing shorts mean the dance floor could get slippery fast.

Ethereum Dev Detained in Turkey ✈️

An Ethereum developer, “Fede’s Intern,” got detained in Turkey over alleged misuse of the network. He says it’s all a big misunderstanding.

🚨 Breaking News:
Turkish authorities accuse the dev of aiding misuse of Ethereum. He denies it, claiming he just builds blockchain infrastructure.

⚡ Wire Simplified:

• No official legal basis released for the charges yet.

• Friends and contacts worldwide lobbying for his release.

• Turkey tightening crypto laws: licensing, transaction caps, and blocking DeFi sites.

• Speculation: translation error, regulatory overreach, or political heat?

• Fede might leave via private jet to fight charges abroad.

✔️ Straight to the Point:
Could be a case of wrong place, wrong tech. Either way, Turkey’s crypto crackdown just got global attention.