Category Archive: Cryptocurrency, No picture
Bitcoin bottom is in, but market news still pose threat: Bitfinex
Key Takeaways Bitcoin prices dropped to $53,219 on July 3rd but showed signs of stabilization over the weekend. Market data indicates a potential local bottom, with narrowing volatility spread and negative funding rates. Bitcoin prices rebounded after dropping below $53,219 on July 3rd, reaching a potential local bottom according to the latest edition of the […]
VanEck files S-1 for spot Ethereum ETF
Key Takeaways VanEck has officially filed an S-1 for a spot Ethereum ETF with the SEC. The SEC’s decision on VanEck’s Ethereum ETF is highly anticipated. Asset management firm VanEck has officially submitted an S-1 registration form to the US Securities and Exchange Commission (SEC) for a spot Ethereum exchange-traded fund (ETF). The filing represents […]
Solana dominates altcoin inflows as investors buy last week’s dip
Key Takeaways Crypto investment products saw US$441m inflows, with Bitcoin accounting for 90% of the total. Solana emerged as the best-performing altcoin, with US$57m in year-to-date inflows. Crypto investment products saw inflows of US$441 million last week, as investors viewed recent price weakness as a buying opportunity, according to asset management firm CoinShares. The sell-off […]
‘Asia’s MicroStrategy’ Metaplanet buys another ¥400 million worth of Bitcoin
Key Takeaways Metaplanet has acquired an additional 42.47 BTC, increasing its total holdings to over 203 BTC. The company’s Bitcoin strategy is part of a broader trend among global firms using cryptocurrency as an economic hedge. Metaplanet, a publicly traded company listed on the Tokyo Stock Exchange and often compared to MicroStrategy, has acquired an […]
Layer3 increases initial airdrop to 7.5% of total supply ahead of token launch
Key Takeaways Layer3’s airdrop increase to 7.5% supports its vision for a scalable omnichain infrastructure. With new funding, Layer3 plans to expand its team and operations, targeting growth in the APAC region. Layer3, a community-driven initiative focused on building an omnichain infrastructure for distribution, identity, and incentives, has adjusted its tokenomics and increased the initial […]
Bitcoin needs a weekly close above $60,600 to avoid further correction
Key Takeaways Bitcoin is nearing a 26% pullback in 46 days, its deepest retrace of the current cycle. A weekly close above $60,600 is crucial for Bitcoin to maintain its current accumulation range. Bitcoin (BTC) is currently in its deepest retrace of the current cycle, nearing a 26% pullback in 46 days. According to a […]
Post-Mt. Gox payouts lead to worst crypto liquidations day since FTX collapse
Key Takeaways Mt. Gox’s fund transfer triggered over $1 billion in crypto liquidations, the largest since FTX collapse. Bitcoin price dropped 6% following the Mt. Gox transfer, despite previous studies suggesting minimal market impact. The news of Mt. Gox moving Bitcoin (BTC) and Bitcoin Cash (BCH) to a new wallet prompted a 6% on BTC’s […]
Crypto exploit incidents rose 50%, with losses topping $1.43B in H1 2024 — report
Key Takeaways Blockchain security incidents increased by 50% in the first half of 2024. Ethereum and DeFi sectors suffered the most, with Ethereum losing $400 million. For the first half of 2024, the blockchain industry faced unprecedented challenges as security incidents soared to new heights, resulting in staggering losses of $1.43 billion.A comprehensive report released […]
Mt. Gox confirms Bitcoin, Bitcoin Cash repayments have begun
Key Takeaways Mt. Gox has commenced the distribution of Bitcoin and Bitcoin Cash to its creditors. The initiation of repayments by Mt. Gox is exerting downward pressure on Bitcoin market prices. Mt. Gox, once the dominant force in the crypto exchange world, has commenced the distribution of Bitcoin and Bitcoin Cash to its creditors, marking […]
Bitcoin sinks to $53,800, altcoins bleed following Mt. Gox’s billion transfer
Key Takeaways Bitcoin dropped below $54,000 following a $2.7 billion BTC transfer by Mt. Gox. The transfer is linked to a repayment plan to distribute over $9 billion to creditors. Bitcoin’s value fell to $57,000 late Thursday and hit a low of $53,800 in the early hours of Friday, according to data from TradingView. The […]
