Cipher shares closed down 12.36% on Wednesday amid a continuing selloff in crypto tokens and equities, despite the outsized interest.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The company will provide collateral for the writing and settling of HYPE options and then earn revenue on premiums and fees.
Analysts say the latest crypto selloff has been marked by fragmented liquidity, tight rotation and dispersion rather than pure capitulation.
Analysts see Galaxy’s lending and infrastructure businesses holding up better than trading activity during the recent crypto market slowdown.
Bitcoin's continued sell-off is reviving concerns that the market may be slipping back into a familiar four-year cycle pattern.
BitMine chairman Tom Lee said unrealized losses on the firm’s Ethereum treasury holdings are "a feature, not a bug."
A Glassnode analyst noted that 44% of the bitcoin supply is "now underwater," given that the token has dropped about 30% in the past month.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Payward derived about 47% of its revenue from trading operations and the remaining 53% from its growing list of other services.
The company said it has acquired brownfield infrastructure sites in both Kentucky and Maryland in order to grow power capacity.
The Smarter Web Company says it plans to continue accumulating bitcoin regardless of short-term price swings and volatility.
Standard Chartered sees Solana evolving “from memecoins to micropayments", with forecasts of SOL to $2,000 by 2030.
Thanks to equity raises, the company grew its cash and stablecoins reserves by 36% when compared to the previous quarter.
The analysts outlined three crypto-driven bear case scenarios while reiterating their view that the crypto cycle could recover in 2026.
Hougan said institutional ETF and digital asset treasury flows masked the severity of losses across much of the crypto market last year.
Still, ING Deutschland noted that crypto ETPs carry significant risks and stated that crypto has no intrinsic value.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin has fallen below $78,000 as crypto and precious metals sell off in tandem amid ETF outflows, liquidation pressure and Fed uncertainty.
The firm argues institutional flows, U.S. policy, and sovereign-asset considerations could set the stage for the 'most consequential' cycle.
Year-to-date crypto flows and institutional sentiment declined following another $1.7 billion in weekly outflows, per CoinShares.
Analysts point to tight liquidity and a broad risk pullback as BTC fell toward $81,000 and U.S. crypto ETFs saw over $1 billion in outflows.
Crypto liquidations topped $1 billion as leveraged long positions were flushed during the slide and the market cap dropped below $3 trillion.
ARK Invest said stablecoin growth is stalling after October’s shock, with Base taking the lead in transaction volume.
Metaplanet targets up to $137 million in total potential funding through shares and warrants for its bitcoin treasury plans.
The firm's analysts upgraded Circle shares to a “neutral” rating and raised the share price target to $77.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Standard Chartered has estimated that up to $500 billion could exit U.S. bank deposits for stablecoins by 2028.
Analysts flag ETF outflows, defensive positioning, and macro uncertainty as reasons behind bitcoin's range-bound price action.
Gold's breakout above $5,000 and Clarity Act uncertainty are putting crypto's next market move to the test, Matt Hougan said.