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Ryze Labs Weighs In: Fed’s Stance on Interest Rates and Its Impact on Market Dynamics
14.6.2024
Following the release of lower-than-anticipated CPI data on June 12, U.S. equities climbed to record highs, with bitcoin exceeding $70,000. However, Ryze Labs, a venture capital firm investing in blockchain and Web3 projects worldwide, particularly in emerging markets, stated that the Federal...
Analyst targets $91.5K Bitcoin next despite Fed’s ‘hawkish tone’
13.6.2024
Pseudonymous analyst CryptoCon is confident Bitcoin will surge 25% above current all-time highs — its next big “step” before cracking the cycle’s top of $123,982
US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession
11.6.2024
Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates risk a recession and increased unemployment, calling...
Bitcoin price hits new June lows while open interest stays above $35B
11.6.2024
Bitcoin wobbles further into key U.S. macro events as surging open interest concerns longtime market participants
Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say
11.6.2024
Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said
Nigerian Interest in Crypto Persists Despite Crackdown; Meme Coins Prevail in Country’s North
10.6.2024
In the northern states of Katsina and Borno, residents are increasingly interested in the meme coin dogecoin. Meanwhile, in Delta State, known for its financial services leaders, bitcoin garners significant attention. A Nigerian lawyer has called on authorities to implement cryptocurrency...
Roaring Kitty’s GME shares hit $1B, BTC open interest soars, and other news: Hodler’s Digest, June 2-8
8.6.2024
GameStop trader Roaring Kitty sees his GME stake rise to $1 billion, Bitcoin open interest spikes and new U.S. laws target digital assets
Ether futures open interest and options trading volume at all-time high - are bulls at risk?
6.6.2024
Ether implied volatility has experienced a notable surge following spot Ether ETF approval news
Bitcoin open interest goes meteoric; traders now warn of a ‘whipsaw’
6.6.2024
Bitcoin’s OI jumped $2.02 billion over three days, sparking concerns among traders about a potential “whipsaw” event
Paxos International to issue regulated interest-paying stablecoin
5.6.2024
The international arm of New York-based Paxos will issue a U.S. dollar-pegged stablecoin that will not be available in the United States
Interest in Ethereum soars as new ETFs proposed by issuers
4.6.2024
It appears that Ethereum is experiencing the ultimate frenzy, as two businesses are submitting applications for new funding in response to the growing popularity of ether. Additionally, another supplier is determining its commission for a specific spot Ethereum exchange-traded fund. Rex Shares...
Nigeria’s Bitcoin interest unfazed by regulatory restrictions
2.6.2024
Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin
TON soars: huge investor interest sends holdings to 1M
30.5.2024
TON is experiencing unbelievable growth, with addresses holding anywhere between 100,000 to 1 million. These are the giants of the game collecting these gigantic numbers, and they are going on an upward swing. All of this simply signifies an increasing interest in the asset and their absolute...
Paxful Slashes Gift Card Fees by 80%, Volumes and Interest Surge
30.5.2024
Paxful, the peer-to-peer cryptocurrency platform, has announced a significant reduction in transaction fees for gift cards. The company has slashed its fees by 80%, from the industry standard of 5% to just 1%. This has already resulted in a surge in gift card volumes and trader interest according...
Genesis Returns $2.2B in Crypto Assets to Lending Program Participants
30.5.2024
Defunct crypto lender Genesis distributed $2.18b worth of crypto to 232,000 users enrolled in Gemini Earn, an interest-accruing lending program. The distribution followed a New York bankruptcy judge approving the Chapter 11 plan last week.
The post Genesis Returns $2.2B in Crypto Assets to Lending...
Ethereum Futures Open Interest Hits All-Time High Following ETF Approvals
29.5.2024
Ethereum has experienced a significant increase since the U.S. Securities and Exchange Commission (SEC) approved a group of spot ether exchange-traded funds (ETFs). This week, ether reached a high of $3,980 per coin, which is approximately 18.4% below its all-time high. Amid fluctuating prices...
Memecoins dominate crypto open interest charts taking 4 out of top 10 spots
28.5.2024
Open Interest refers to the total amount of pending derivative contracts that have not yet been settled. In a futures contract, for every seller, a buyer is required to settle the contract
Altcoin Interest Driving South Korean Crypto Craze – Report
28.5.2024
Altcoin interest may be the driving factor as South Korean interest in alternative cryptoassets continues to rise, a new report has claimed.
The post Altcoin Interest Driving South Korean Crypto Craze – Report appeared first on Cryptonews
US Treasury Secretary Yellen Warns of Challenges in Controlling Deficits and Interest Expense
27.5.2024
U.S. Treasury Secretary Janet Yellen has stressed the importance of managing U.S. borrowing needs amid higher long-term interest rates, emphasizing the need to boost revenue in budget negotiations. “We’ve raised the interest-rate forecast. That does make a difference. It makes it somewhat more...
Ethereum Foundation to have conflict of interest policy after EigenLayer crossovers
24.5.2024
Executive director Aya Miyaguchi said the foundation’s neutrality can’t depend on culture and individual judgment after researchers take multimillion-dollar roles at EigenLayer