Bitcoin’s price took a steep tumble early this week, driving over $300 million in crypto market liquidations in a single day. Why the sudden volatility? Gayatri Choudhury, Quantitative Research Analyst at Bitwise, says there have been two key drivers of the selloff – and neither relates to the Bitcoin ETFs. Miners Are Dumping The analyst...Read More
Nvidia’s stock has experienced a sharp decline over the past three consecutive trading days, resulting in a loss of over $430 billion in market capitalization and a 13% drop from its peak. Despite this downturn, popular AI crypto tokens have shown significant surges in the last 24 hours. AI Tokens Rally as NVDA Plunges Crypto...Read More
A popular Republican congressman introduced legislation that would require the United States Treasury to accept tax payments in bitcoin. Pay Taxes With Bitcoin The bill, authored by Rep. Matt Gaetz (R-Florida), would order the Treasury Secretary to “develop and implement a method to allow for the payment with bitcoin of any tax imposed on an...Read More
The Singapore-based cryptocurrency exchange Bybit has overtaken its rival, the U.S.-based Coinbase, to become the second-largest digital asset trading platform after Binance. According to a press release citing a report from crypto analytics platform Kaiko, Bybit’s market share has surged from 8% to 16% since October 2023, while Coinbase’s share increased by 1% over the...Read More
Despite Bitcoin’s recent decline towards the $58K level, the meme coin sector has maintained its momentum. Many top meme coins preserved their volatility during the sharp market drop, as they are generally less affected by market declines. Notably, Dogecoin’s price has rebounded from its recent low due to increased accumulation. Currently, DOGE is targeting a...Read More
[PRESS RELEASE – Singapore, Singapore, June 25th, 2024] Cega, a leader in DeFi structured investment products, is thrilled to announce the launch of its latest offering—Shark Fin vaults. Cega aims to address a gap in the market for conservative investors and DeFi lenders that want to outperform existing lending rates, while protecting their principal and...Read More
Julian Assange, the founder of the non-profit media organization and publisher of leaked documents WikiLeaks, has been released from a United Kingdom prison after five years of staying behind bars. According to a tweet from the official WikiLeaks account, a high court in London granted Assange bail. The authorities released him at the Stansted airport...Read More
[PRESS RELEASE – New York, NY, United States, June 25th, 2024] The company expands flagship Ethereum mainnet support to accommodate rising user adoption of layer 2 blockchains. Harpie, a blockchain security suite that protects retail investors and their digital wallets from theft, today announces the expansion of their flagship Ethereum wallet protection to include coverage...Read More
During previous bull markets, the Ethereum Foundation has demonstrated a keen ability to time the market with its ETH holdings. However, the foundation appears to have departed from this established pattern. Ethereum Foundation’s Unexpected Selling Restraint The Ethereum Foundation was found to have executed large sales of ETH near peak valuations in the past. This...Read More
[PRESS RELEASE – Singapore, Singapore, June 25th, 2024] Ranked the number one derivatives DEX by volume, SynFutures V3 tops $100 billion in cumulative trading volume on Blast SynFutures, the leading DeFi derivatives protocol, has just crossed $100 billion in cumulative trading volume on Blast. The milestone comes less than four months following the Blast mainnet...Read More
The Crypto Fear and Greed Index, which measures market sentiment for Bitcoin and the broader cryptocurrency industry, has tanked to its lowest score in nearly 18 months. This development follows bitcoin’s drop below $60,000, reaching its lowest point since early May. Crypto Fear & Greed Index Plummets The index fell 21 points on June 24,...Read More
Grayscale’s GBTC has dominated in the recent wave of outflows from US spot Bitcoin ETFs, which collectively recorded a total daily net outflow of $174.45 million on Monday. This marked a week of consecutive negative flows, with Grayscale’s GBTC alone accounting for $90 million of the outflows. No Inflows Across Spot Bitcoin ETFs Interestingly, BlackRock’s...Read More
[PRESS RELEASE – Road Town, British Virgin Islands, June 25th, 2024] Promontory Technologies is excited to announce the launch of its Promontory Alpha Fund, a quantitative, systematic, multi-strategy approach to trade liquid listed digital (“crypto”) assets. The fund is designed to be market-neutral and avoid deep drawdowns, offering both a BVI vehicle for non-US investors...Read More
Bitcoin (BTC) has continued its downtrend, reaching new local lows of under $59,000. During the mid-hours of the United States Monday trading session, BTC briefly fell below $60,000 to register a new local low of $58,500. This slump has persisted as outflows from the U.S. spot Bitcoin exchange-traded fund (ETF) market have continued into the...Read More
Ripple’s XRP has been one of the cryptocurrencies that managed to maintain relative stability during the ongoing market turbulence. In fact, for the past 24 hours, it has added 0.62% to its price and remains trapped in a relatively tight range at around $0.48. XRP Trading Volume Soars Data from CoinMarketCap reveals that, at the...Read More
Michael Saylor, the executive chairman and co-founder of MicroStrategy, has predicted that Bitcoin will reach $10 million per coin. Saylor made this prediction during a podcast with Robin Seyr, further claiming that China will become a strong supporter of the cryptocurrency. Chinese Adoption and Economics Saylor, who is known for being among the most vocal...Read More
