Tag: COIN:SHIBUSD
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Crypto This Monday: Buterin Transfer Shakes Crypto Market, Friend.tech Captivates Celebrities, and More
Withdrawals after market crash In the last week, crypto asset managers such as Grayscale and Bitwise have seen outflows of $55 million, reversing previous inflows of $28.5 million. This move was influenced by the crypto market crash, with Bitcoin (COIN:BTCUSD) and Ether (COIN:ETHUSD) down around 11% and 10% in the past week, respectively. The delay in deciding…
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Crypto This Friday: Mastercard Announces CBDC Partner Program, BTC Under 26K, and More
Bitcoin crash and liquidity impact Bitcoin (COIN:BTCUSD) opened near two-month lows at $26.016 after extreme sell-offs on Aug. The sharp selloffs appear to be an overreaction to SpaceX’s writedown of $373 million worth of BTC. Speculation also points out that a major player may have been liquidated at Deribit. Meanwhile, spot sales remain 50% below their 2023 peak.…
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Crypto This Thursday: Bitcoin Under 28K, Troubled Shibarium Launch, and More
Pressure on cryptocurrencies On Thursday, cryptocurrencies took a hit due to renewed concerns about the US economy. This drop occurred after the release of records from the last Federal Reserve meeting, where the body expressed concerns about inflation and possible interest rate hikes. As a result, the stock market has slumped and the 10-year US Treasury yield…
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Crypto This Wednesday: Coinbase to Trade Crypto Futures, Ledger Integrates with PayPal, and More
Coinbase gets approval for cryptocurrency futures, boosts its shares Coinbase Global (NASDAQ:COIN) gained approval from the National Futures Association to offer cryptocurrency futures contracts to U.S. retail customers, leading to a 5% increase in its stock ahead of the market open. This approval comes as Coinbase is in litigation with the SEC, which alleges that the…
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Crypto this Friday: Visa Tests Ether Fees, Kraken Outperforms Coinbase on Altcoins, SEC Delays ARK ETF
SEC postpones decision on ARK Bitcoin ETF SEC has postponed the decision on the Bitcoin ETF proposed by ARK Investment Management. On August 11, SEC launched a 21-day public comment period for the ETF. ARK had filed in May, and SEC has until January 2024 to decide. To be listed, the ETF needs to meet certain regulatory criteria. Cathie…
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Crypto This Friday: 12 ETH ETF requests in the week, Revolut suspends crypto services, and more
Bitcoin rises 0.25% amid mixed unemployment data: traders await CPI On Aug 4, Bitcoin (COIN:BTCUSD) surged after mixed US unemployment data weakened the US Dollar. BTC/USD reached daily highs of $29,273. While US stocks and Bitcoin made modest gains, the US dollar was down 0.6% to 101.8 on the DXY index. Trader Michaël van de Poppe believes that…
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Crypto This Thursday: Shiba Inu Strengthens Digital Identity, Upbit Dominates July Trading, and More
Tether generates surprising profits and doubts Tether (COIN:USDTUSD) reported profits of over $1 billion in its latest quarterly attestation, which seems surprising for a company with only around 60 employees. The company holds a large amount of US Treasuries, which may explain its profitability. However, the lack of real money on its balance sheet is concerning and…
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Crypto This Friday: Executives Resign at Binance, Aptos Network Compromised, and More
BitMEX Co-Founder predicts Bitcoin elected by AI and hitting $760,000 According to Arthur Hayes, co-founder of the BitMEX exchange, Bitcoin (COIN:BTCUSD) will become the artificial intelligence (AI) currency, with a potential to reach $760,000 per coin. Hayes argues that as AI becomes prevalent, Bitcoin will become the logical choice of currency due to its unique qualities…
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Crypto this Wednesday: Sotheby’s launches on-chain secondary NFT Market, US Treasury proposes DAME tax, and more
PEPE’s Liquidity Pool becomes more active on Uniswap PEPE (COIN:PEPEEUSD), the hype-fueled meme coin that has jumped more than 2,100% in price since it debuted last month, has been sparking interest on decentralized exchange Uniswap. Uniswap’s version (v)2 and v3 liquidity pools for PEPE-WETH were the most active liquidity pool contracts by number of transactions over…