The cryptocurrency markets are currently facing a decline, with Bitcoin sliding towards $60,000 and most altcoins experiencing losses. The total market capitalization has dropped to $2.37 trillion, reflecting the overall bearish sentiment in the market. Bitcoin’s price has decreased by 1.3% in the past 24 hours, with its weekly losses totaling around 6%. The low
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T-Rex Group, a financial services company, has recently filed for a 2x leveraged MicroStrategy (MSTR) exchange-traded fund (ETF) in the United States. This move has generated a significant amount of interest in the financial world, as this new financial vehicle is anticipated to be one of the most volatile ETFs in the country. The objective
An analyst going by the name of ‘RamenPanda’ has made a bold prediction regarding the potential interest rate cuts by the U.S. central bank in September or November. According to the analyst, there will not be a sharp correction following these rate cuts. The analyst’s rationale for this prediction is based on historical data, particularly
As we approach the end of the week, the market is bracing for the expiry of around 107,000 Bitcoin options contracts, totaling a notional value of $6.6 billion. This end-of-month expiry event is significantly larger than the usual end-of-week expiries, signaling a possibility of increased market volatility. The put/call ratio for today’s BTC derivatives stands
Bitcoin experienced a rollercoaster ride in the past week, with its price soaring to over $62,000 only to retract back below that level. Starting the week above $64,000, the digital asset faced a significant dip as bears took charge and drove it down to $58,400 in a matter of hours. However, the bulls managed to
Recently, Binance has made significant announcements regarding the implementation of stricter measures to combat account misuse on its platform. These measures include enhanced monitoring of all account activities to detect instances where certain features are being exploited to gain unfair advantages. The company has stated that it will suspend or terminate accounts found to be
CleanSpark, a prominent publicly traded Bitcoin mining company, recently made headlines with its acquisition of GRIID Infrastructure in a significant all-stock deal worth $155 million. This move adds 20 megawatts of power to CleanSpark’s mining operations immediately, with an additional 400 MW expected to be added in Tennessee over the next two years. The merger
The US Securities and Exchange Commission (SEC) is on the brink of potentially approving the latest adjustments to spot Ethereum ETFs by July 4th. Discussions between asset managers such as BlackRock, Franklin Templeton, and Grayscale Investments, along with regulators, are reaching their final stages. This progress comes after the successful launch of spot Bitcoin ETFs
Coinbase, the largest cryptocurrency exchange in the United States, is currently embroiled in legal battles with both the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC). The exchange has filed lawsuits against these regulatory bodies for allegedly failing to comply with information requests related to closed crypto cases. Coinbase argues that
The US spot Bitcoin ETFs are showing signs of recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum that started on Tuesday is a hopeful indication for the market. BlackRock’s iShares Bitcoin Trust (IBIT) has not seen any new investments in the past four days. This is not the first time,