The $200 million cash deal is expected to close in the first half of 2025, subject to regulatory approvals.
Institutional investors on crypto exchange Bybit increased meme coin allocations to a high of $300 million in April from $63 million at the start of this year.
In a recent episode of the SlateCast, hosted by Senior Editor Liam “Akiba” Wright and CryptoSlate CEO Nate Whitehill, Ana Plotnikova, CEO and co-founder of Fideum Group, shared her insights on the evolving landscape of digital finance in Europe. With her background in European Union law enforcement and experience at Aave, Plotnikova brings a unique […]
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Hong Kong's SFC chief executive, Julia Leung, has acknowledged bitcoin's staying power as an alternative asset, despite ongoing debates about its intrinsic value.
The post Hong Kong regulator acknowledges Bitcoin’s ‘staying power’ as an alternative asset appeared first on Crypto Briefing.
Charles Hoskinson defends Cardano's value, citing strong fundamentals and upcoming Chang Hard Fork despite media skepticism.
The post Charles Hoskinson believes Cardano is undervalued appeared first on Crypto Briefing.
Trading platform Robinhood (HOOD) agreed to acquire crypto exchange Bitstamp as it looks to expand its crypto presence globally and attract institutional clients through new product offerings, the company announced Tuesday.
Quick Take On June 5, 2024, the Nasdaq and S&P 500 reached unprecedented heights, closing at 19,035 and 5,354, respectively. However, the standout story of the year has been NVIDIA’s phenomenal performance. NVIDIA’s stock has surged by 154% year-to-date and an astonishing 3,200% over the past five years. June 5 marked a significant milestone as […]
The post NVIDIA edges closer to becoming world’s most valuable company appeared first on CryptoSlate.
A new U.S. law grants the president unprecedented authority to block access to digital assets, sparking significant concerns about its broad implications and potential impact on users.
The post Not Ethereum or Solana, These Altcoin Ecosystems Are Being Targeted by Blackrock appeared first on Coinpedia Fintech News
Analyst Ran of Crypto Banter channel is finding it difficult to contain his excitement, particularly as altcoins are performing strongly even before the breakout is fully confirmed. If the breakout holds, he advises focusing on two ecosystems, one of which is evident, while the other has caught many by surprise and still has potential. The …
The post Bill Morgan Remains Confident on Imminent XRP Price Surge Amid Ripple vs SEC Lawsuit appeared first on Coinpedia Fintech News
The recent approval of spot Ethereum (ETH) exchange-traded funds (ETFs) in the United States has raised hopes for a similar product for other digital assets led by Ripple Labs-backed XRP, Solana (SOL), and Dogecoin (DOGE). The XRP community is confident of an astounding win in the Ripple vs SEC case, especially after the agency reached …
The post US Appeals Court Rules SEC Overstepped in Hedge Fund Regulations appeared first on Coinpedia Fintech News
A recent Fifth Circuit Court of Appeals ruling has dealt a significant blow to the U.S. Securities and Exchange Commission. The court found that the SEC exceeded its authority with its new rules requiring hedge funds and private equity firms to disclose more about their fees and expenses. This decision may impact the SEC’s regulatory …
Delaware, United States, 6th June 2024, GamingWire
Kerrisdale Capital, a US investment firm, set off a storm of reactions on Wednesday with a series of public communications aggressively targeting Bitcoin mining companies. In a multi-part thread on X, Kerrisdale announced its campaign against what it describes as “snake oil salesmen” in the BTC mining industry, accusing them of being both a financial […]
Altcoins are generating significant buzz among cryptocurrency watchers, as rumors of a potential Bitcoin breakout circulate. After weeks of sluggish trading, a recent surge of capital has revitalized the king of coins. This raises a pressing question: will altcoins ride the wave, or are they doomed to be left behind? Related Reading: AVAX Primed To Break $100 Barrier As Bullish Signs Emerge Whispers Of A Bitcoin Bonanza Data from Farside Investors reveals a significant shift in investor sentiment. Nearly $890 million flowed into Bitcoin exchange-traded funds (ETFs) on June 4th, a clear sign of renewed interest. This surge in buying could act as a catalyst, sparking a wave of speculation and propelling Bitcoin prices upwards. However, the question remains: how will this newfound focus on Bitcoin impact the broader cryptocurrency market? Historically, strong Bitcoin rallies have often been followed by altcoin seasons, periods where alternative cryptocurrencies experience explosive growth. But is this time different? Altcoin Season: Just Over The Horizon? The Altcoin Season Index, a metric that gauges market sentiment towards altcoins, currently sits at a lowly 35. This stands in stark contrast to the readings of 80 observed just six months ago. This suggests that altcoins are not yet basking in the reflected glory of Bitcoin’s potential rise. Experts believe that even with a Bitcoin surge, only a select few altcoins are likely to outperform the market leader. To truly unleash an altcoin season, the Altcoin Season Index would need to climb above 75, a sign of widespread bullishness across the entire altcoin ecosystem. Why Altcoins Might Struggle To Shine The sheer number of altcoins compared to previous cycles also throws a wrench into the altcoin season equation. In 2017 and 2021, for instance, the altcoin market was a much smaller pond. When Bitcoin surged, investor money flowed more readily into a smaller pool of altcoins, leading to significant price increases across the board. Today, the landscape is vastly different. With thousands of altcoins vying for investor attention, any gains during an altcoin season might be concentrated in just a handful of high-performing projects, leaving the vast majority behind. Bitcoin Dominance: A Key Indicator To Watch Another crucial factor to consider is Bitcoin Dominance (BTC.D). This metric reflects Bitcoin’s market capitalization as a percentage of the total crypto market cap. Historically, a significant decline in BTC.D has coincided with altcoin seasons. In early 2021, for example, the coin’s dominance level plummeted from 70% to 40%, paving the way for a period of explosive altcoin growth. Related Reading: Altcoin Alert: Notcoin (NOT) Poised For 5x Growth, Analyst Says Currently, however, BTC.D is on the rise, suggesting that altcoins are not yet the center of attention. Investors looking for altcoin opportunities should keep a close eye on this metric, as a sustained downtrend in the crypto’s dominance could be a harbinger of an approaching altcoin season. Featured image from Indiana Daily Student, chart from TradingView
The post Analyst Forecasts Bitcoin to Break It’s All-Time High in Next 48 Hrs appeared first on Coinpedia Fintech News
The crypto market is on the rise, with Bitcoin’s price is expect to surge upwards, this is driven by a surge in BTC ETFs net inflow, which nearly reached $1 billion on June 4. After gathering more liquidity during last week’s dip to $69,000, Bitcoin is now poised to hit its all-time high (ATH) in …
On June 5, the Cosmos Hub blockchain network experienced an outage lasting around four hours due to a bug discovered during the implementation of the v17 upgrade. The Cosmos team stated that the bug was a Liquid Staking Module (LSM) security vulnerability. While developers swiftly identified and resolved the bug, block production on the network […]
The post Major v17 update causes 4-hour Cosmos Hub downtime, ATOM token stable appeared first on CryptoSlate.
BTC price discovery is all but a given now that global liquidity is breaking into undiscovered territory, Bitcoin analysis suggests.
U.S. antitrust enforcer Jonathan Kanter said regulators must urgently examine the AI sector to prevent potential monopolies.
The post Filecoin Within Pennant Eyes Breakout Rally In FIL Price To $10 appeared first on Coinpedia Fintech News
As the crypto market regains bullish momentum, the altcoins are planning a long-term trend reversal with increasing investors’ confidence. In this recovering market, the FIL price trend aims to overcome the bearish influence. With a positive cycle in Filecoin, will the bullish trend in the FIL price surpass the overhead resistance to reach $10? As …
The post Privacy Protocol Backed By Vitalik Buterin (Co-Founder Of Ethereum) Announces Shutdown! appeared first on Coinpedia Fintech News
Nocturne, a privacy protocol company backed by Vitalik Buterin has announced a gradual closer in its operations. The company plans to shut down its front-end app, Nocturne with remaining open for withdrawals until the month-end. In October 2023, Nocturne Labs raised $6 Million in a seed round led by Bain Capital Crypto, Polychain Capital, and …
Quick Take According to Farside data, Bitcoin (BTC) exchange-traded funds (ETFs) experienced substantial inflows on June 5, with a notable accumulation of $488.1 million. This marks 17 consecutive trading days of inflows, tying the record for the longest streak. Over the past two days alone, inflows have surged to an impressive $1.4 billion. Farside data […]
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The post Analyst Questions Bitcoin Price Predictions Beyond $100K as Index Reveals It Is Already at All-Time Highs appeared first on Coinpedia Fintech News
Analyst Crypto Rus has shed light on Bitcoin’s trend and analyzed ‘far-fetched’ targets for the largest cryptocurrency. One interesting point brought to our attention was that when comparing Bitcoin’s price to global M2 liquidity, we’re already at all-time highs. However, he said that global M2 liquidity is expected to increase further due to ongoing fiat …
The minister assured that Binance had received appropriate consular access from the U.S. and all due care, following standard diplomatic protocols and the rule of law.
The election for new members of the European Parliament starts June 6, with results expected on June 9. The more than 700 MEPs shape and decide on new laws, and will be voted in as the EU's landmark Markets in Crypto Assets legislation starts coming into effect.
The post Will Ethereum (ETH) Price Surge Beyond $4K This June Amid Increased Market Volatility? appeared first on Coinpedia Fintech News
With the market leader, Bitcoin price, holding its price above the $71,000 mark, the cryptocurrency market continues to display a positive price action with top altcoins adding significant value in their respective portfolios. On the other hand, the leader of altcoins, ETH price, has displayed a similar price movement by recording a trading volume of …
The US spot Bitcoin Exchange-Traded Funds (ETFs) have been witnessing a historic run of inflows, marking 17 consecutive days of net additions. On a particularly notable Tuesday, these ETFs observed inflows totaling a staggering $886.6 million, ranking it as the second-highest single-day influx since their introduction. This was followed by another significant day of inflows yesterday, amounting to $488.1 million, with notable contributions from major financial players like Fidelity ($220.6 million), Blackrock ($155.1 million), and Ark ($71.4 million). Despite these hefty capital injections, the price of Bitcoin has demonstrated a relatively subdued response, inching from $68,000 to $71,000 since the beginning of the week. The muted price movement in the face of substantial ETF inflows has puzzled many market participants and analysts. Typically, such inflows are expected to exert a stronger upward pressure on Bitcoin prices. However, the observed price dynamics suggest that other counteracting factors might be at play. Why Is The Bitcoin Price Not Going Higher? Crypto trading analytics platform The Kingfisher offered an explanation via a post on X, suggesting that a carry trade strategy might be influencing the price dynamics. According to their analysis, “The BTC ETF inflows didn’t affect the price as much as you hoped it would? It might be due to a carry trade being loaded up. Short Futures + Buy Spot/ETF.” Related Reading: Bitcoin Price Soars Past $71,000: Here’s Why A carry trade in this context involves shorting Bitcoin futures while simultaneously buying spot Bitcoin or Bitcoin ETF shares. This strategy can hedge against potential price volatility and exploit discrepancies between futures prices and spot prices. JJ the Janitor (@JLabsJanitor) further elaborated on the strategy’s mechanics. He drew parallels with behaviors visualized on the PANDA Terminal charts, explaining, “When big boys want BTC spot filled they sell futures contracts to bring price into bids. When they’re filled + ready to let it rip they close those shorts, hence the inverse correlation on True Open Interest (OI).” His remarks hint at strategic market manipulations that, while legal, blur the lines between savvy investment tactics and potential ethical concerns. His follow-up tweet, “Market manipulation or savvy investment strategy….what’s the difference?” challenges the narrative by questioning the ethical implications of such strategies. Related Reading: Bitcoin Will Explode If Bulls Break The “Fuse” At $72,000 The discussion prompted further scrutiny from the crypto community. X user Sahra critiqued the practical implementation of the carry trade, noting, “Carry trade should suppress funding rates naturally. Long spot pressure against the perpetual should in theory cause perpetual rates to drop (all else being equal) as perpetual would begin to lag spot. Everything else makes sense, but these rates are far too low to justify a carry IMO.” This comment points to the complexities of carry trades, where expected outcomes like suppressed funding rates are not aligning with market observations, suggesting that other forces might be influencing the market. The Kingfisher responded to Sahra’s skepticism, acknowledging the anomaly: “That’s right, the funding remains fairly positive though. This suggests that while a carry trade could be in play, it’s not the dominant force in the market. Other factors, like bullish sentiment or other buying pressures, might be offsetting the expected downward pressure on funding rates from the carry trade.” At press time, BTC traded at $70,803. Featured image created with DALL·E, chart from TradingView.com
A US appeals court has overturned an SEC rule mandating hedge funds and private equity firms to increase transparency on fees and expenses, stating the regulator exceeded its authority.
The post SEC ‘exceeded’ authority on fee disclosures, US appeals court rules appeared first on Crypto Briefing.
The post Bitcoin’s Upycle Going Strong as NUPL Stay Bullish appeared first on Coinpedia Fintech News
Bitcoin has surged past the $71,000 mark, supported by robust market indicators. The Net Unrealized Profit/Loss (NUPL) for short-term holders currently stands at 0.13, well below the critical 0.4 threshold, which has historically marked bearish turnarounds. The peak of this cycle is 0.29, far from the all-time high of 0.57. The 0.4 level has triggered …
U.S. Bitcoin ETFs saw inflows of over $488 million, but Google Trends data shows Bitcoin and crypto-related searches are far down from 2021 highs.
The FBI is warning job seekers not to fall for the too-good-to-be-true “work-from-home” job scams.