The prediction regarding potential interest rate cuts by the U.S. central bank in September or November does not necessarily imply a sharp correction in the markets. Analyst ‘RamenPanda’ suggests that historical patterns, as seen in 2008, do not always dictate the immediate outcome of rate cuts. While rate cuts during financial crises may have led
Crypto
As we approach the end of the week, approximately 107,000 Bitcoin options contracts are set to expire, representing a notional value of $6.6 billion. This end-of-month expiry event is significantly larger than typical end-of-week expiries, which may result in increased market volatility. Interestingly, the put/call ratio for today’s BTC derivatives stands at 0.5, indicating that
Bitcoin, the leading cryptocurrency, experienced a rollercoaster of price movements in the past week. Starting at over $64,000 on Monday after a quiet weekend, Bitcoin seemed to be on a steady trajectory. However, the bears quickly took control, causing a significant drop to $58,400 in just a few hours. Despite this sudden decline, the bulls
Recently, Binance made a significant announcement regarding the implementation of stricter measures to combat account misuse on their platform. This move comes as a response to instances where certain account features were being exploited to gain unfair advantages over other users. Binance revealed that they have detected misuse and exploitation of account features, such as
CleanSpark, a prominent publicly traded Bitcoin mining firm, recently announced the acquisition of one of its smaller competitors, GRIID Infrastructure, in an all-stock deal worth $155 million. This acquisition immediately brings 20 megawatts (MW) of additional power to CleanSpark for its mining operations. In addition, another 400 MW of power is expected to be added
The US Securities and Exchange Commission (SEC) is currently in the final stages of discussions with several asset managers regarding the approval of spot Ethereum ETFs. Big names such as BlackRock, Franklin Templeton, and Grayscale Investments are among the eight asset managers involved in this process. These firms have previously launched spot Bitcoin ETFs and
Coinbase, the leading cryptocurrency exchange in the United States, recently filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for failing to comply with information requests pertaining to closed crypto cases. The company seeks to compel these regulatory bodies to respond to their Freedom of Information Act (FOIA)
The US spot Bitcoin ETFs have shown signs of improvement, with collective inflows reaching $21.52 million on June 26th. This positive momentum has been building since Tuesday, indicating a potential recovery in the market. However, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported any new investments for the past four days, suggesting a lack of
The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission is currently in its trial phase. Despite this phase traditionally being the period where resolutions are reached, the end date remains uncertain. However, recent events as of June 27th shed some light on the progress of the case. One of
Recent analysis by IntoTheBlock has revealed a notable shift in Bitcoin accumulation patterns, particularly among whales in the cryptocurrency market. Despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD), data shows a surge in net inflows to the largest wallets. Holders with control of at least 0.1% of the total Bitcoin supply added
