Category Archive: Cryptocurrency, No picture
Appetite for Bitcoin soars after Powell speech, says Bitfinex analysts
Key Takeaways BTC registered a 6.06% daily gain on August 23rd, the second-highest since May 20th. Open interest for BTC pairs dropped from $39.03 billion to $26.65 billion, indicating reduced market leverage. Share this article Bitcoin (BTC) prices and the broader crypto market surged on Aug. 23, continuing the recovery that began in early August. […]
Morning Flash Report For Monday, Aug 26
Image Source: UnsplashIn this video, Ira Epstein reviews the day’s trading in the Futures Markets.Video Length: 00:03:12More By This Author:Metal Markets Report For Thursday, Aug 22 Financial Markets Report For Thursday, Aug 22SPDR ETF Report For Wednesday, Aug 21
Bitcoin inflows surge to $543 million after Powell’s dovish comments
Key Takeaways Digital asset investment products saw $533m inflows, the largest in five weeks. New Ethereum ETFs have seen $3.1bn of inflows, partially offset by $2.5bn Grayscale Trust outflows. Share this article Crypto products saw inflows totaling $533 million last week, marking the largest inflows in five weeks. As reported by CoinShares, this surge followed […]
Why The Dollar Demand On Monday?
Image Source: Unsplash The US Dollar is finding some mild demand as the new week gets going, though we’re not sure the price action is anything more than profit taking from shorter-term accounts. The Fed Chair has ushered in a new wave of dovishness after saying the time had come to adjust policy, comments that should […]
Why was Telegram’s CEO arrested? Understanding the nuances between privacy and crypto
Key Takeaways Pavel Durov’s arrest directly affected Toncoin’s market value. The incident raises significant concerns about privacy and government interference in the crypto sector. Share this article At 39 years old, Pavel Durov, the Russian-born billionaire and founder of messaging app Telegram, has done a lot in the tech world, not just for the crypto […]
USD Is Trading Mostly Firmer, But Yen And Swiss Franc Show Resilience
Image Source: Unsplash Overview: The US dollar is mostly firmer, though consolidating against most of the G10 currencies. The Japanese yen and Swiss franc are the strongest, while the Scandis and Antipodean currencies are the heaviest. Among emerging market currencies, a handful of Asian currencies, including the Chinese yuan are higher, but central European currencies, the South […]
US Bitcoin ETFs net over $500M in a single week as Grayscale’s outflows slow down
Key Takeaways BlackRock’s IBIT led Bitcoin ETF inflows with over $310 million last week. Grayscale’s GBTC outflows continued but at a reduced pace, losing about $86 million. Share this article Investors poured over $500 million into ten exchange-traded funds (ETFs) that track the spot price of Bitcoin last week, data from Farside Investors showed. The […]
Polymarket is a ‘social epistemic tool’ for the public, Vitalik Buterin argues as CFTC scrutiny intensifies
Key Takeaways Polymarket’s trading volume surpassed $390 million as interest in election bets grows. Vitalik Buterin argues against categorizing Polymarket as gambling. Share this article Ethereum co-founder Vitalik Buterin has come to the defense of Polymarket, a decentralized prediction market platform, as it faces increasing regulatory scrutiny. Buterin’s support comes at a crucial time when […]
EUR/GBP Remains Above 0.8450, Potentially Reinforced By German Data
Image Source: Unsplash EUR/GBP holds ground after the release of positive German figures on Monday. German IFO – Business Climate came in at 86.6 for August, exceeding the expected reading of 86.5. BoE Governor Bailey suggested the possibility of accelerating rate cuts during his speech at the Jackson Hole symposium. EUR/GBP attempts to halt its three-day […]
Rumble CEO exits Europe amid Telegram CEO’s detention
Key Takeaways Rumble CEO Chris Pavlovski has left Europe following threats from France. Telegram insists its moderation practices comply with EU laws despite CEO’s arrest. Share this article Chris Pavlovski, the founder and CEO of Rumble, a free speech-friendly alternative to mainstream platforms like YouTube, said he had left Europe following the recent arrest of […]
