Global #crypto exchanges

Renowned on-chain and technical analyst, Ali Charts, has disclosed a significant influx of over 4 trillion Shiba Inu (SHIB) tokens, totaling around $103 million, into crypto exchanges within the past fortnight. This surge in activity coincides with SHIB's volatile price behavior, indicating a shift in investor sentiment.

During this bullish season in the crypto community, the frenzy surrounding memecoins has been the talk of the town. Pepe and WIF have skyrocketed into the top 20 cryptocurrencies by market capitalization within just a year of their public release.

According to the recent weekly report from Bitfinex, there are indications that the selling pressure from short-term holders in the Bitcoin (BTC) market might be diminishing, potentially paving the way for a quicker price recovery than previously anticipated.

The Australian Taxation Office (ATO) has recently initiated efforts to obtain personal data and transaction information from cryptocurrency exchanges, potentially encompassing around 1.2 million accounts.