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Bitcoin Whales Increased Holdings During Crypto Market Mayhem, but ETF Investors Didn't Buy the Dip
6.8.2024
Though posting net outflows on Monday, the spot ETF action did show some positive surprises, Bloomberg ETF analyst Eric Balchunas noted
Bitcoin’s Fear & Greed Index Drops to 17 Amid Market Slump
6.8.2024
Japanese markets impacted Bitcoin over the weekend and flowed into Monday as Wall Street opened. According to data…
Binance Hit With $87 Million Tax Bill in India
6.8.2024
Global crypto exchange Binance has received a goods and services tax (GST) bill of Rs 722 crore ($87 million) in India for non-compliance with the country’s tax regulations. This is the first instance of a cryptocurrency firm facing such scrutiny in India. A source claimed that Binance earned...
Meme Coin Prices Rebound as Brett, Pepe, Base Dawgz See Big Gains
6.8.2024
Meme coins have made a dramatic comeback in the past 24 hours. After a brutal downturn, these tokens are on the rise again, led by Brett, Pepe, and the upcoming Base Dawgz. Brett Bounces Back from Key Support Level Brett (BRETT) has experienced a remarkable turnaround. This Base chain token...
Bitcoin Crashes Amidst Major Sell-Offs: RCO Finance Shines Bright
6.8.2024
Recent crypto market dynamics have sparked significant interest and concern among Bitcoin investors. Simultaneously, RCO Finance has experienced…
BTC price chart shows Bitcoin can match $49.5K lows within days
6.8.2024
BTC price action has a habit of “filling” downside wicks within days or weeks, the Bitcoin daily chart shows
World's largest Bitcoin miner increased BTC holdings by $124M in July
6.8.2024
Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full ‘HODL.’
iShares BTC ETF investors weather major price drop with zero flows
6.8.2024
The Bitcoin ETF from iShares saw a rough entry into the week with the asset down by 14% yet, according to market analysis — no one budged
US Spot Bitcoin ETFs See Red: Grayscale’s GBTC and Top Funds Hit Hard
6.8.2024
On Monday, unlike their ethereum counterparts, spot bitcoin exchange-traded funds (ETFs) witnessed outflows totaling $168.44 million. The primary contributors to this decline were three funds, with Grayscale’s GBTC taking the lead in outflows. 3 Leading Bitcoin ETFs Experience Major Outflows...
Japanese firm Metaplanet to invest $58.76M in Bitcoin
6.8.2024
Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility
Kamala Harris chooses Minnesota Gov. Walz as US presidential running mate
6.8.2024
Minnesota Governor Tim Walz has previously advocated for more stringent crypto regulations to ensure the stability of the legacy financial system
US ETH ETFs Draw $48.73M on Monday; Grayscale’s $46.84M Outflow Dampens Impact
6.8.2024
On Monday, U.S. spot ethereum exchange-traded funds (ETFs) recorded their second-highest inflows since their inception. Approximately $48.73 million was added, yet the nine funds collectively remain in the red, with a deficit of $461.98 million, primarily due to significant outflows from...
First Mover Americas: Crypto Rebounds From Monday's Chaos
6.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 6, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Egyptian AI Startup Gets $2M for GCC, Africa Expansion
6.8.2024
Egyptian artificial intelligence firm Synapse Analytics has secured $2 million to expand into the Gulf Cooperation Council region and Africa. The company has partnered with major banking product providers such as AWS, Crealogix, and TUMM. Using AI to Simplify Access to Finance The Egyptian...
Cointelegraph and CryptoQuant Research Reveal TRON’s Inelastic Activity, Maintaining Stability
6.8.2024
PRESS RELEASE. Geneva, Switzerland – August 6th, 2024 – Leading crypto media research arm Cointelegraph and leading crypto research platform CryptoQuant have released comprehensive research reports offering in-depth analyses of the TRON network. These reports highlight a continuous...
Financial Analyst States Bitcoin Is ‘Not a Hedge Against Anything’
6.8.2024
Jacob King, a financial analyst at Whalewire, has stated that he doesn’t consider bitcoin a hedge “against anything.” King stressed that “crypto itself was entirely propped up by stable coin fraud. I warned it would crumble like paper when it starts.” Bitcoin fell...
Daily Crypto Update: Bitcoin, Ethereum, and Solana revive after market crash
6.8.2024
The volatility index is now trading above 65, a level seen only twice, once during the 2020 Pandemic…
Bitcoin's Unreliable Death Cross Is Looming Again
6.8.2024
The death cross is known to cause catastrophizing among inexperienced investors. But it's an unreliable indicator
Bitcoin speculators realize $850M losses in sub-$50K BTC price dump
6.8.2024
Bitcoin short-term holders sell BTC at a loss to an extent rarely seen in history — but "diamond hands" contribute just $600,000
Capula Management Invests $464 Million in Bitcoin ETFs, Signaling Institutional Interest
6.8.2024
Capula Management, one of the largest hedge funds in Europe with assets under management (AUM) of approximately $118 billion, has made a significant move in the cryptocurrency market by investing $464 million in spot Bitcoin exchange-traded funds (ETFs). This substantial investment underscores...