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Nearly $600M of Silk Road Bitcoin Hits Coinbase Prime, but Not Necessarily to Sell
14.8.2024
Bitcoin's price remained flat around $59,000, while its swift decline from $61,000 earlier today happened before the transaction
The Coming Financialization of Hashrate Markets
14.8.2024
Bitcoin hashrate, the computational power securing the Bitcoin network, is emerging as a unique commodity with intriguing investment potential, say Sadiq Jaffer, Senior Manager, Financial Services, KPMG UK, and Kunal Bhasin, partner for Digital Assets Center of Excellence, KPMG Canada
Blackrock’s Bitcoin and Ethereum Funds Dominate Tuesday’s ETF Inflows
14.8.2024
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced an inflow of $38.94 million, while spot ether ETFs attracted $24.34 million. Tuesday’s Inflows Boost Spot Bitcoin and Ether ETFs The positive momentum continued for spot bitcoin and ether ETFs on Tuesday, with both groups...
The Anatomy of a Meltdown (and Just BTFD)
14.8.2024
GSR’s Brian Rudick discusses the recent market meltdown, how towering bull tenets and fading risks could propel Bitcoin to $1m, and why the recent dip is a gift, all combining to make cryptocurrency’s risk-reward its most compelling in years
Bitcoin Price May Turn Lower as Crypto Exchanges See $1B USDT Withdrawal: IntoTheBlock
14.8.2024
The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin's price, IntoTheBlock analysts noted
Low CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head
14.8.2024
Bitcoin’s response to the CPI report was surprisingly muted
Hut 8 Upgraded to Buy, Risk Reward Is to the Upside: H.C. Wainwright
14.8.2024
The broker upgraded the bitcoin miner's shares to buy from sell and raised its price target on the stock to $13.50 from $7.50
Brazil poised to launch world’s first spot Solana ETF ahead of global markets
14.8.2024
According to IBM’s former blockchain growth lead, a potential Solana ETF approval in the US could act as a significant price catalyst for SOL
U.S. CPI Rose 0.2% in July, Matching Expectations
14.8.2024
First Mover Americas: BTC Tops $61K, But Traders Remain Cautious
14.8.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 14, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Pump.Fun's Removal of $2 Issuance Charge Pushes Daily Fees to All-Time Highs, But Users are Unhappy
14.8.2024
The viral application allows anyone to issue a token on the Solana blockchain. It recently dropped a fee it charged for doing so, leading to thousands of “rugs” being created and attracting a spike in complaints
Bitcoin Miner Capitulation and Record High Hashrate Points to Possible Price Bottom: CryptoQuant
14.8.2024
Such expansion comes despite a recent drop in bitcoin (BTC) prices, indicating positive sentiment among miners after a bout of selling in the past few months
Bitcoin Crosses $61K as Traders Remain Cautious Ahead of U.S. CPI, Further Unwinding of Yen Carry Trade
14.8.2024
BTC beats the CoinDesk 20 during the Asia trading hours, while traders remain bullish on TON because of its GameFi integration
Goldman Sachs Holds Over $400M in Bitcoin ETFs
14.8.2024
Investment banker says it owns over $400 million in bitcoin ETFs, according to a recently filed 13F
Stablecoin issuance could be key to the next Bitcoin rally: 10x Research
14.8.2024
More than $2.5 billion has been issued by Tether and Circle over the past week, and 10x Research believes continued momentum could spark a Bitcoin rally
Bitfinex Report Examines Bitcoin’s Local Bottom Amid Market Rebound
14.8.2024
Crypto exchange Bitfinex’s latest Alpha report examines various key metrics, providing insights into whether bitcoin may be approaching a local bottom. “Overall, these metrics underline the deep bearish sentiment and stress among short-term investors, which usually occurs at local...
Arthur Hayes Predicts $100K Bitcoin by Year-End — Expects ‘Glorious’ Crypto Bull Market in 2025 With BTC Reaching $1M
14.8.2024
Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth...
Solana to $1K seems unlikely, but network fundamentals forecast $190 SOL
13.8.2024
Analysts forecast $300 to $1,000 SOL, but network data suggests that a rally to $190 is a more realistic expectation
Coinbase Expands Crypto Services to Hawaii Following Regulatory Changes
13.8.2024
The publicly traded cryptocurrency exchange Coinbase has announced its expansion into Hawaii, allowing residents to access a range of crypto services. The move comes after the state clarified its regulations, enabling Coinbase to offer its platform to Hawaiian users. Hawaii Residents Gain Access...
Hive Digital sales up 36% as Bitcoin miner forays into AI compute
13.8.2024
Hive's new high-performance computing platform clocked around $2.6 million in sales in the second quarter of 2024