The prediction of no sharp correction following potential interest rate cuts by the U.S. central bank in September or November has sparked a debate among analysts. According to a recent post by the analyst ‘RamenPanda’, the Fed is likely to cut rates to stimulate the economy. This approach, which was also observed during the 2008
Crypto
This Friday, a significant number of Bitcoin options contracts, totaling around 107,000, are set to expire with a notional value of $6.6 billion. This end-of-month expiry event is larger than usual end-of-week expiries, potentially leading to market volatility. The put/call ratio for today’s BTC derivatives is 0.5, indicating that twice as many long (call) contracts
Recently, Binance made an announcement regarding the implementation of stricter measures to combat account misuse on the platform. The company detected instances where certain account features were being exploited to gain unfair advantages, such as better fee rates and higher API limits over other users. As a result, Binance has vowed to take action against
Bitcoin made headlines yesterday when its price surged to over $62,000, only to retreat back below that level shortly after. This volatility in Bitcoin’s price has been a common theme in recent weeks, with the cryptocurrency experiencing wild swings in both directions. The week started off on a high note for Bitcoin, as it reached
CleanSpark, one of the prominent players in the Bitcoin mining industry, recently made a significant move by acquiring GRIID Infrastructure in an all-stock deal valued at $155 million. This acquisition immediately added 20 megawatts (MW) of power to CleanSpark’s mining operations, with an additional 400 MW expected in Tennessee over the next two years. The
In a bold move, the leading cryptocurrency exchange in the United States, Coinbase, has taken legal action against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) for their failure to comply with information requests in closed crypto cases. The lawsuits, filed at the United States District Court for the District
The latest news surrounding the US Securities and Exchange Commission (SEC) points towards a potential approval of spot Ethereum ETFs by July 4th. This news comes as discussions between asset managers and regulators are reaching their final stages, with big names such as BlackRock, Franklin Templeton, and Grayscale Investments at the forefront. These firms, having
The US spot Bitcoin ETFs have been showing signs of slow recovery, with collective inflows reaching $21.52 million on June 26th. This positive momentum comes after a period of uncertainty in the market. It is essential to note that while there has been a resurgence in inflows, BlackRock’s iShares Bitcoin Trust (IBIT) has not reported
In the ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC), one of the recent key developments is the SEC’s decision to lower its demand for a fine. Originally seeking a hefty $2 billion penalty, the Commission has now reduced its demand to $102.6 million. This significant reduction in
Recent analysis by IntoTheBlock has revealed a shift in Bitcoin accumulation patterns, with a surge in net inflows to the largest wallets despite the prevailing market sentiment of fear, uncertainty, and doubt (FUD). Holders with control of at least 0.1% of the total Bitcoin supply increased their holdings by 7,130 BTC in a single day,
In an interview with the Bloomberg Investment Summit, SEC Chair Gary Gensler expressed confidence in the approval process for spot Ethereum ETFs. He mentioned that the focus is currently on asset managers ensuring full disclosure in their registration statements. Despite not providing a specific timeline, Gensler stated that the process is going smoothly. There is
The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission has been a topic of much discussion since it began in 2020. The outcome of the lawsuit, which aims to determine whether XRP should be classified as a security, could have far-reaching implications for both Ripple and the cryptocurrency market as
The recent downtrend in Bitcoin (BTC) has shown no signs of improvement, with the cryptocurrency reaching new local lows of under $59,000. This decline was particularly notable during the mid-hours of the United States Monday trading session, as BTC briefly fell below $60,000 to hit a new low of $58,500. The persistence of this slump
Recently, Bitcoin’s price has experienced a rapid decline, failing to sustain itself above the $70K level. This downward trend has been evident since the beginning of June, following a rejection from the $72K zone. As the price approaches the crucial $60K support level, there is a significant level of uncertainty in the market. The 200-day