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Bitcoin Futures Market Attracts Unprecedented Open Interest as Derivatives Appetite Grows
8.3.2024
The latest bitcoin derivatives data indicates a continued climb in bitcoin futures open interest, hitting all-time peaks. Over the last day, statistics reveal an open interest of $32.30 billion across fourteen distinct bitcoin futures markets. Soaring Open Interest in BTC Futures Signals Growing...
Goldman Sachs Upgrades Coinbase to Neutral as Bitcoin Prices Rally
8.3.2024
Wall Street giant Goldman Sachs upgrades Coinbase stock (COIN) from "sell" to "neutral" as Bitcoin surges. Analysts link the upgrade to the current cryptocurrency market rally and note similar jumps in Bitcoin-linked stocks like MicroStrategy.
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Tether to Collaborate With Uzbekistan on Developing Crypto Infrastructure Projects
8.3.2024
Tether, one of the largest stablecoin companies, announced a collaboration with the government of Uzbekistan to develop cryptocurrency and communication projects. The memorandum of understanding (MoU) signed between the parties encompasses issuing a comprehensive crypto legal framework, developing...
El Salvador May Become One of the World’s Richest Countries Due to Bitcoin Holdings
8.3.2024
El Salvador – one of the smallest and most densely populated countries in Central America – may eventually become one of the wealthiest countries in the world because of its Bitcoin holdings. For context, the country became the world’s first nation to accept Bitcoin as legal tender in September...
BlackRock’s Global Allocation Fund to Invest in Spot Bitcoin ETFs
8.3.2024
BlackRock, the world's largest asset manager, announces spot Bitcoin ETF inclusion in its popular Global Allocation Fund. This move reflects BlackRock's expanding cryptocurrency investments, which include its own rapidly growing iShares Bitcoin Trust (IBIT).
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Blackrock Explores Bitcoin ETP Investments for Global Allocation Fund
8.3.2024
In a significant development, Blackrock, the world’s largest asset manager, has amended its prospectus for the Blackrock Global Allocation Fund to potentially include investments in bitcoin exchange-traded products (ETPs). This move, filed with the U.S. Securities and Exchange Commission...
Anthony Pompliano Predicts Bitcoin’s Price Could Double Soon; Leading Crypto Could Eventually Eclipse Gold
8.3.2024
In a CNBC interview, Pomp Investments’ Anthony Pompliano delivered an optimistic forecast for bitcoin, suggesting a potential rise to $138,000 per unit shortly. He pointed out that historically, bitcoin has doubled its value within 18 days or less after surpassing previous peak prices...
Cryptocurrency Trader Turns $310 Into $5 Million in 3 Months – Here’s How
8.3.2024
A cryptocurrency trader has turned $310 into nearly $6 million in three months, as per data shared by on-chain smart money sleuth X account @lookonchain.
The post Cryptocurrency Trader Turns $310 Into $5 Million in 3 Months – Here’s How appeared first on Cryptonews
Email Shows Digital Currency Group and Gemini Explored Merger Before Genesis Bankruptcy
8.3.2024
In an email found within the motion by Digital Currency Group (DCG) and Barry Silbert to dismiss the lawsuit initiated by the New York Attorney General, discussions of a potential merger between Gemini and Genesis were revealed before Genesis ultimately opted to declare bankruptcy. “Combined...
Goldman Sachs Reevaluates Coinbase, Eyes Neutral Stance Amid Crypto Surge
8.3.2024
In a significant shift, Goldman Sachs has upgraded its rating on Coinbase shares from selling to neutral, citing a surge in crypto prices and record-breaking daily volumes. The adjustment to a $282 price target reflects the bank’s reassessment of the San Francisco-based crypto...
From Laughs to Loot: Meme Coins FLOKI and PEPE See Explosive Growth Amidst Crypto Surge
8.3.2024
On Friday, bitcoin and ethereum experienced modest upticks, registering increases of 2% to 5%, respectively. Meanwhile, the meme coin FLOKI has soared by 70% in the last 24 hours, with PEPE also making notable gains of 32.7%. Friday saw around ten cryptocurrencies achieving double-digit increases...
Bitcoin Sets New Record, Climbs Above $70,000 Mark; Ethereum Hits $4K Milestone
8.3.2024
Bitcoin has once more surpassed its previous highest point of $69,210, established on March 5, 2024, as documented by Bitstamp. Currently, the digital currency holds steady above the $68,000 mark, having outdone its prior peak and ascended to $70,184 per coin. New Peaks: Bitcoin Tops $70,000 While...
Ethena’s USDE Yield Hits 67%, Outpacing Most Stablecoin Returns
8.3.2024
According to the most recent figures, Ethena’s USDE now boasts an APY of 67.2%, positioning it among the top annual percentage rates within the realm of stablecoin decentralized finance (defi). Furthermore, the supply of this stablecoin has expanded significantly, increasing by 414.6% in...
FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth
8.3.2024
Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in terms of 24-hour global trading volume. FDUSD...
Is It Too Late to Buy Fetch.ai? FET Price at All-Time High as Another AI Coin Eyes Exchange Listing
8.3.2024
As the AI narrative fuels major accumulation, leading AI cryptocurrency Fetch.ai has seen its FET price hammer up to a new all-time high after announcing a new GPU rewards platform. This article will provide an analysis of FET’s current price trends and look to see whether a newer AI token, SCOTTY...
New Bitcoin ETFs and Grayscale Control a Combined 4% of BTC Supply, Valued at $53 Billion
8.3.2024
The latest figures reveal that the nine new spot bitcoin exchange-traded funds (ETFs) now control 390,525.3 bitcoins, valued at just over $26 billion at current market rates. These nine ETFs are rapidly approaching the holdings of Grayscale’s Bitcoin Trust (GBTC), which presently...
US Continues Efforts to Extradite Terra Founder Do Kwon
8.3.2024
Despite Montenegro’s High Court ruling for Do Kwon’s extradition to South Korea, the U.S. is not backing down. “The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreements and Montenegrin law,” the Justice...
Bonk Price Prediction as $600 Million Trading Volume Floods In – Are Whales Buying?
8.3.2024
Popular meme coin BONK is up 13.6% today as 24-hour trading volume hits over $646 million, according to data by CoinGecko. BONK is the 60th biggest cryptocurrency with a market cap just north of $2.1 billion. This makes it the fifth biggest meme coin by market capitalization, followed closely...
Australian Crypto Love: Value of Digital Assets Held in Super Funds Surges Past $650 Million
8.3.2024
In just three years, Australian self-managed super funds saw the value of their respective crypto asset holdings rise from just over $159 million to over $650 million. According to an executive with a local crypto exchange, many Australians are seeking to “allocate at least a percentage...
US Prosecutors to Appeal Montenegrin Court’s Decision to Extradite Do Kown to South Korea
8.3.2024
US prosecutors aim to appeal the Montenegrin High Court's decision to extradite former cryptocurrency mogul Do Kwon to South Korea to face charges related to the $40 billion collapse of the TerraUSD stablecoin in 2022.
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