Category Archive: Cryptocurrency, No picture
Sky Mavis co-founder eyes permissionless future for Ronin ecosystem
Key Takeaways Ronin plans to launch zkEVM, enabling game developers to build layer-2 chains on top of Ronin. Sky Mavis aims to open up Ronin’s ecosystem for permissionless game development. Jeff Zirlin, co-founder of Sky Mavis, shared with Crypto Briefing what’s next for the Ronin ecosystem and how they plan to offer a permissionless infrastructure […]
Bitfinex analysts expect $48,900 as short-term bottom for Bitcoin
Key Takeaways Bitcoin has crashed 17.7% in 24 hours, trading at $50,193.32. Macroeconomic factors and geopolitical tensions are driving the crypto market downturn. Bitcoin (BTC) is priced at $50,193.32 after crashing 17.7% over the past 24 hours, according to CoinGecko. The price went even further down but bounced back near the $49,000 price level, and […]
Bitcoin funds see $400 million outflows amid recession fears
Key Takeaways Digital asset investment products saw $528 million in outflows, the first decline in 4 weeks. Ethereum products faced $146 million in outflows, with new US ETFs gaining $430 million while Grayscale lost $603 million. Bitcoin (BTC) funds saw outflows of $400 million as crypto exchange-traded products (ETP) experienced outflows of $528 million last […]
Coinbase and MicroStrategy down 15 and 18% pre-market amid deepening global rout
Key Takeaways Bitcoin and Ether experienced significant price drops, with Bitcoin falling below $50,000. Major crypto-related stocks like Coinbase and MicroStrategy suffered substantial losses. Crypto prices and stocks related to crypto plummeted on Monday as global markets reacted to disappointing US economic data and escalating tensions in the Middle East. The downturn affected major cryptocurrencies, […]
Crypto crash wipes out $1 billion, Bitcoin plunges toward $49,000
Key Takeaways Bitcoin’s value dropped by 17%, reaching a five-month low of about $49,700. The Crypto Fear and Greed index reached its lowest level since early July, indicating widespread market fear. The crypto market has suffered a severe downturn over the past 24 hours, with Bitcoin plunging 17% to a five-month low of approximately $49,700, […]
Ethereum whale wallets face mass liquidation as ETH prices tumble
Key Takeaways Ethereum’s price plummeted over 30% in a week, leading to massive whale wallet liquidations. Total ETH network liquidations surpassed $100 million in one hour amid market crash. A sharp decline in Ethereum (ETH) prices triggered a wave of liquidations among leveraged ETH whales, according to a recent report from on-chain analyst EmberCN. Several […]
Bitcoin dips to $53K after Bank of Japan’s rate hike, Ether follows drop as global market panic ensues
Key Takeaways Bitcoin and Ether have significantly declined, with Bitcoin at $53K and Ether losing all year-to-date gains. Japan’s rate hike has had a cascading effect on global markets, including significant drops in the Nikkei and Nasdaq. Bitcoin and ether prices plummet amid a broader market selloff, with BTC falling to $53K and ETH erasing […]
Bitcoin drops below $60,000 as recession fears escalate
Key Takeaways US job market downturn and high unemployment rate trigger Bitcoin’s fall to $60,000. Bitcoin’s MVRV ratio suggests it is undervalued, hinting at a potential market rebound. The price of bitcoin (BTC) fell below $60,000 on Saturday amid growing fears that the US could be sliding into recession, according to data from TradingView.The recent […]
Trump touts crypto as potential solution to US debt, Harris campaign shares remarks
Key Takeaways Trump suggests Bitcoin could be used to manage the US’s $35 trillion national debt. Harris’ campaign highlights Trump’s crypto comments without a clear policy stance. Former President Donald Trump praised the crypto industry and suggested Bitcoin could help address the US national debt in a recent interview. The Kamala Harris campaign shared Trump’s […]
Lido Finance launches institutional-grade liquidity staking
Key Takeaways Lido Institutional provides secure, reliable staking for large-scale clients. Lido controls a significant 28.5% of the Ether staking market. Lido Finance has introduced Lido Institutional, a new liquidity staking solution designed for large clients such as custodians, asset managers, and exchanges. The middleware product aims to provide enterprise-grade security and reliability while maintaining […]
