Category Archives: Finance

Ether Down Over 7.5% as ETHE Outflows Ramp Up

Advertisements Most Ether ETFs were in the green during the Wednesday U.S. trading session, but Grayscale’s converted Ethereum Trust ETF posted a net outflow of over $800 million. Ether (ETH) is down over 7.5% in the first hours of East Asia’s business day, trading hands above $3100 as the market continues to be concerned aboutContinue reading “Ether Down Over 7.5% as ETHE Outflows Ramp Up”

Impact of China’s Interest Rate Policy

Advertisements According to the official announcement, the 7-day reverse repo rate was cut by 10 basis points, dropping from 1.8% to 1.7%. This decision aims to encourage commercial banks to offer loans at more favorable rates, thereby providing a boost to the slowing economy. Financial experts believe this action is designed to ensure economic growthContinue reading “Impact of China’s Interest Rate Policy”

Ether Rises Above $3.5K Ahead of ETH ETF Trading, But Inflow Concerns Remain

Advertisements Ethereum has more utility than Bitcoin with features like liquid staking, but the question among the ETH ETFs performing as well as BTC ETFs remains ahead of trading. Ether (ETH) jumped above $3,500 ahead of the spot exchange-traded funds (ETFs) that are expected to go live for trading on Tuesday, one that some onlookersContinue reading “Ether Rises Above $3.5K Ahead of ETH ETF Trading, But Inflow Concerns Remain”

Bitcoin Layer-2 Chain Bitlayer Raises $11M Led by ETF Issuer Franklin Templeton

Advertisements Bitlayer’s layer 2 is based on the BitVM paradigm, which was unveiled last October and laid out a path for Ethereum-style smart contracts on the original blockchain. Bitcoin layer-2 blockchain Bitlayer Labs said it raised $11 million in a Series A funding round at a valuation of $300 million. The investment was led byContinue reading “Bitcoin Layer-2 Chain Bitlayer Raises $11M Led by ETF Issuer Franklin Templeton”

Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls

Advertisements The general possibility of a crypto-friendly government coming into power is bumping sentiment among professional traders, one firm said. Bitcoin (BTC) briefly rose above $68,000, before falling to $67,500, at the start of Asian trading hours Monday as bullish sentiment largely rose among traders driven by a favorable U.S. election outlook. Majors rose higherContinue reading “Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls”

Bitcoin Traders Brace for ‘Fat Tails’ as Focus Shifts to Trump’s Nashville Bitcoin Conference Speech

Advertisements Speculation is high that Trump will announce a bigger role for BTC in the financial system, triggering a parabolic rise in the cryptocurrency’s price, one observer said. Donald Trump’s impending appearance at the Nashville Bitcoin conference has traders preparing for fat-tails – extreme or unusual price movements in the leading cryptocurrency. Activity in theContinue reading “Bitcoin Traders Brace for ‘Fat Tails’ as Focus Shifts to Trump’s Nashville Bitcoin Conference Speech”

CrowdStrike, Windows BSoD Meme Tokens Populate Solana and Ethereum Amid Global Internet Outage

Advertisements Some of these tokens have liquidity of upto $50,000 worth of stablecoins, quickly running to market capitalizations of as much as $1 million on paper. Dozens of new crypto tokens themed after internet services company CrowdStrike and the popular Microsoft “Blue Screen of Death” (BSoD) error were issued on Ethereum and Solana blockchains amidContinue reading “CrowdStrike, Windows BSoD Meme Tokens Populate Solana and Ethereum Amid Global Internet Outage”

Bitcoin, SHIB Trade at 30% Haircut on WazirX as Exploiter Converts Stolen Loot to Ether

Advertisements The exchange blamed a data discrepancy with a custodial platform for having caused the transfer of assets. But popular members of the Indian crypto community aren’t buying that narrative. The North Korea-linked exploiter that drained $230 million from Indian crypto exchange WazirX has converted most of the loot to ether (ETH), blockchain tracker LookonchainContinue reading “Bitcoin, SHIB Trade at 30% Haircut on WazirX as Exploiter Converts Stolen Loot to Ether”

Chainbase Raises $15M to Grow Omnichain Data Network

Advertisements Chainbase’s aim is to provide unbiased and transparent data that is not controlled by a small number of dominant companies. Omnichain data network Chainbase has raised $15 million in Series A funding with Tencent Investment Group, Matrix Partners and Hash Global among the investors. Chainbase is an interoperability layer that is building the “firstContinue reading “Chainbase Raises $15M to Grow Omnichain Data Network”

XRP Surges 12% on the Back of Triangle Pattern, Rising Futures Bets Favor Bullish Price Moves Ahead

Advertisements Open interest in XRP-tracked futures has nearly doubled over the past seven days, which is indicative of traders’ expectations of price volatility ahead. XRP surged 12% in the past 24 hours to lead gains among crypto majors, beating bitcoin (BTC) and the broader CoinDesk 20 (CD20) index. The token added 5% since the startContinue reading “XRP Surges 12% on the Back of Triangle Pattern, Rising Futures Bets Favor Bullish Price Moves Ahead”

Standard Chartered-Backed Zodia Markets to Buy Elwood Trading Desk

Advertisements The deal will strengthen Zodia Markets’ over-the-counter business while allowing Elwood to conentrate on its software-as-a-service activities. Zodia Markets, a cryptocurrency-focused trading firm backed by the venture arm of Standard Chartered, said it is buying the over-the-counter trading division of Elwood Technologies, confirming media reports the unit was on the block and sale talksContinue reading “Standard Chartered-Backed Zodia Markets to Buy Elwood Trading Desk”

Bitcoin Dips Below $63K As Mt. Gox Moves $2.8B BTC to Internal Wallets

Advertisements One observer said the movement of coins was likely a part of the exchange’s creditor reimbursement plan. Bitcoin (BTC) faced renewed selling pressure on Tuesday after blockchain data showed defunct exchange Mt. Gox started moving coins internally for potential repayments to creditors. The leading cryptocurrency by market value dipped 3% briefly falling below $63,000,Continue reading “Bitcoin Dips Below $63K As Mt. Gox Moves $2.8B BTC to Internal Wallets”

Ether Hedging Activity Picks Up as U.S. ETF Debut Nears

Advertisements Investors’ focus on ether is evident from ETH’s sustained volatility premium over BTC. The impending debut of U.S.-based exchange-traded funds (ETF) tied to ether’s (ETH) spot price has investors scrambling to the options market to hedge or protect existing market positions from price swings. Implied volatility (IV), or options-derived market expectations for price turbulenceContinue reading “Ether Hedging Activity Picks Up as U.S. ETF Debut Nears”

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