Lido Finance's new institutional-grade staking solution could significantly enhance institutional participation in the crypto ecosystem, despite regulatory scrutiny.
The post Lido Finance launches institutional-grade liquidity staking appeared first on Crypto Briefing.
Donald Trump has been very vocal about Bitcoin and cryptocurrency since the start of his re-election campaign. On August 2nd, he gave an interview to Maria Bartiromo from Fox Business. During the interview he shared his views about strengthening the US economy. During his interview, the Presidential candidate Donald Trump suggested paying off the country’s …
Former President Donald Trump heaped more praise on the "very, very smart people" of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin {{BTC}} could aid in addressing the $35 trillion U.S. national debt. Though Vice President Kamala Harris, his presumptive Democratic opponent in the presidential race, hasn't yet made any policy statements about her own view on cryptocurrency, one of her campaign accounts on X – the "rapid response" campaign effort – seemed to slam Trump's view by airing his comments.
Jan Van Eck, CEO of the $107 billion asset manager VanEck, has predicted that Bitcoin could rally to $350,000 per coin as central banks embark on quantitative easing. In a recent interview with Fox Business, Van Eck expressed his bullish outlook, suggesting that Bitcoin’s market cap could reach half that of gold. He said: “Eventually, […]
The post VanEck CEO foresees Bitcoin hitting $350k as regulators begin quantitative easing appeared first on CryptoSlate.
The race between presumptive Democratic nominee Kamala Harris and Donald Trump is expected to be close in November — could crypto make a difference?
The race between presumptive Democratic nominee Kamala Harris and Republican nominee Donald Trump is expected to be close in November — could crypto make a difference?
Bitcoin is weak at spot rates, contracting from July 2024 peaks to below $66,000. As bears press on, targeting the round number at $60,000, bulls are optimistic, expecting a rebound in the coming sessions. Technically, the zone between $66,000 and $70,000 is a crucial zone that buyers must decisively break for the uptrend to develop. […]
In this ongoing bearish market sentiment, Ethereum (ETH) the world’s second-biggest cryptocurrency badly impacted as it experienced a notable 7% price drop. With this massive decline, ETH is now moving below the 200 Exponential Moving Average (EMA), indicating that it has entered in a downtrend. ETH below 200 EMA The 200 EMA is a technical …
Other Wall Street investment firms are likely to follow Morgan Stanley's lead, experts tell Decrypt.
Genesis has finalized its restructuring process and started distributing roughly $4 billion in digital assets and US dollars to creditors, according to an Aug. 2 statement. The company revealed that creditors will recover an average of 64% of their crypto claims, depending on the coins. Bitcoin holders will regain 51.28% of their holdings, Ethereum creditors […]
The post Genesis begins distributing $4 billion in assets to creditors, creates legal fund to sue DCG, others appeared first on CryptoSlate.
The sell-off in the global stock markets is casting a bearish shadow on the cryptocurrency markets, signaling near-term weakness.
The sell-off in the global stock markets is casting a bearish shadow on the cryptocurrency markets, signaling near-term weakness.
MicroStrategy (Nasdaq: MSTR) announced it is preparing to significantly increase its Bitcoin holdings by raising $2 billion through a new at-the-market equity offering. The announcement came after the market closed on Thursday, following a report of robust Q2 2024 earnings, which showed a substantial increase in the company’s assets. Currently, MicroStrategy holds 226,500 BTC, which […]
Matrixport, a digital asset financial services group born from Bitmain, an industry leader in Bitcoin mining, projects a bullish breakout for Bitcoin in the upcoming fourth quarter of 2024. In their latest research report titled “Matrix on Target: Bullish Prospects for Bitcoin in Q4,” the firm provides four reasons to be bullish in the upcoming weeks. #1 Narrowing Trading Range Signals Breakout Matrixport’s analysis begins with a technical assessment of the recent Bitcoin price action. Historically, Q3 has posed significant challenges with frequent breakout failures. This year, however, Bitcoin has demonstrated a notably narrowing trading range, a pattern typically preceding significant price volatility. “The constriction of price movement is often a precursor to dynamic price shifts, suggesting an impending breakout,” the report notes. #2 Monetary Policy As A Bitcoin Catalyst A pivotal aspect of the report focuses on the US Federal Reserve’s interest rate policies. Currently, the Fed maintains a rate of 5.25%, in contrast to a 3.0% inflation rate. Related Reading: Would Bitcoin Fall Below $60,000 Again? Analyst Reveals A Concerning Trend For BTC However, recent comments from Fed Chair Jerome Powell have ignited speculations of a possible rate cut with the September FOMC meeting. “If inflation follows the projected path, an interest rate cut in the September meeting is possible,” Powell indicated. Matrixport’s analysis correlates these potential rate cuts with increased market liquidity, which historically benefits risk assets like Bitcoin. “Each quarter-point reduction by the Fed could inject substantial liquidity into the market, enhancing the appeal of non-traditional assets,” the report elaborates. #3 Impact Of The US Presidential Election The upcoming US Presidential election also features prominently in Matrixport’s forecast. The firm speculates on the impact of a potential re-election of Donald Trump, noting his previous administration’s relatively hands-off approach to crypto regulation. “A re-election of Trump could renew vigor in regulatory reform or laxity, providing a less uncertain landscape for crypto innovations,” the report suggests. Related Reading: Bitwise CIO On Bitcoin: ‘We’re Not Bullish Enough’ – Here’s Why Trump’s recent appearance at the Nashville Bitcoin conference, although not meeting some expectations, was perceived largely positively, signaling potential supportive stances on cryptocurrency if re-elected. Trump promised to sell the Bitcoin previously confiscated by the US government and establish a “national stockpile” of Bitcoin. As reported by NewsBTC, this action, if it comes to fruition, could have substantial implications for the game theory of BTC. It could spark a race for a quick allocation, with nations printing money to buy as much Bitcoin as possible. #4 Seasonal Patterns Of Bitcoin The report also delves into the seasonal patterns affecting Bitcoin’s performance, highlighting the typically sluggish months of August and September. This pattern is attributed to lower trading volumes during the summer vacation period and market caution in anticipation of economic indicators and central bank policy decisions in the fall. However, Matrixport posits that this year’s unique economic and political context could disrupt these usual trends, setting the stage for an unseasonal rally. Conclusively, Matrixport maintains a cautiously optimistic stance for Bitcoin’s performance in Q4 2024. “Considering the confluence of a narrowing price range, likely easing of US monetary policy, and the potential impacts of the US Presidential election, we are poised to witness a significant bullish breakout in Bitcoin’s price trajectory,” the report concludes. At press time, BTC traded at $64,730. Featured image created with DALL·E, chart from TradingView.com
CleanSpark announced it increased its treasury holdings by 567% when compared to the same period last year.
Winning over the $3.75-trillion financial advisory firm is a historic milestone for crypto.
It’s layoff season again as big tech and the semiconductor industry fail to meet investor expectations.
The future of AI depends on our ability to build a more inclusive, equitable, and decentralized computational landscape, says Mark Rydon, co-founder of Aethir.
Dishonesty brings consequences. A couple proved this phrase when they received money by mistake and kept it to themselves. Their action led them to serve jail time. A major error from Crypto.com crypto exchange resulted in refunding $10 Million instead of $100. The incident began in May 2021 when Jatinder Singh tried to deposit $100 …
The company reported better-than-expected second-quarter earnings on Thursday but saw a strong downtick in revenue from transaction fees, its main source of income.
Lumerin, Morpheus and Exabits are working together to build a blockchain-based AI agent economy, but talent and time constraints still pose challenges.
Morgan Stanley will be the first major Wall Street bank to permit its financial advisors to offer spot Bitcoin exchange-traded funds (ETFs), CNBC reported on Aug. 2, citing sources familiar with the matter. This decision enables Morgan Stanley’s over 15,000 financial advisors to sell shares of BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin […]
The post Morgan Stanley first in Wall Street to authorize spot Bitcoin ETFs for wealthy clients appeared first on CryptoSlate.
Since the Solana blockchain experienced a rise in failed transactions in April, due to the memecoin frenzy, several members of the community have been quite uncertain about the network. However, Marty Party, host of Crypto Traders Club Space has shed light on the issue of failed transactions on the Solana blockchain, addressing widespread worries among […]
Bitcoin remains volatile at spot rates. Despite the spectacular recovery yesterday, August 1, the downtrend remains, at least for now. Specifically, looking at the candlestick arrangement in the daily chart, there could be more growth once prices break $70,000. Before then, traders are closely monitoring price action aware that there could be more losses, pushing the coin below $60,000. Amid this, some analysts are bullish in the long term, ignoring short-term price volatility. Bitcoin Remains Bullish Despite Recent Price Drops In a post on X, Willy Woo, an on-chain analyst, said that though bears might succeed in the short to medium term, unwinding gains and progress made in the first half of the year, the path of least resistance in the long term remains northward. Related Reading: Polygon Price Risks Plunge With 90 Million MATIC Tokens Selling At $0.5 As on-chain data reveals increased movement among long-term holders (LTHs), shifting coins to top exchanges could heap more pressure on prices. Even so, Woo thinks that in the years to come, Bitcoin could range between $700,000 in the lower level and as high as $24 million, assuming it finds maximum adoption. The analyst said this bullish prediction is primarily based on the bullish assumption that Bitcoin would capture anywhere between 3% and 100% of the global wealth, which stands at over $500 trillion. Woo says the lower limit, 3%, is the upper bound of the recommended exposure laid out by Fidelity for institutions seeking to invest in the world’s most valuable coin. If most institutions allocate just 3% of their portfolio to Bitcoin via derivatives as spot ETFs, the probability of the coin soaring to $700,000 will be high. On the other hand, assuming everyone chooses to move their wealth to Bitcoin, divesting from the current traditional portfolios and choosing BTC, then the coin will explode to as high as $24 million. This assumption is, even according to Woo, improbable but cannot be discounted. BTC Is Transitioning, Spot ETFs Crucial For Growth Woo, in the post on X, said at spot rates, Bitcoin is in a transition. Looking at adoption charts, the coin is moving from the early to late majority adoption. Though in the nascent stages, a successful, hitch-free evolution will be crucial in driving prices even higher. Related Reading: Why XRP Price Won’t Skyrocket After Ripple-SEC Ruling: Crypto Pundit The key driver and catalyst of adoption in this vital stage will be the adoption of spot Bitcoin ETFs. Since the United States Securities and Exchange Commission (SEC) approved this derivative product, one analyst has picked a direct correlation between bullish swings and inflows into spot ETFs. For this reason, how institutions perceive BTC and allocate funds will be critical. Feature image from Canva, chart from TradingView
In this ongoing selling pressure, the overall cryptocurrency market may experience a massive sell-off. Today, in order to return a massive $3 billion worth of assets to customers, Genesis has recently transferred a significant $2.958 billion worth of Bitcoin (BTC) and Ethereum (ETH), according to the on-chain analytics firm Lookonchain. Genesis moves $3 billion worth …
The broker raised its year-end price target for the software company to $2,150 from $1,875.
A recent post on the Mt. Gox insolvency subreddit has sparked significant controversy and backlash among community members. A Mt. Gox creditor’s Bitcoin claim was waived off by the defunct exchange. The move was taken due to no response on the creditor emails sent by the collapsed exchange. Hence, the creditor seeks to take legal …
France's Autorité des Marchés Financiers said it started accepting applications for crypto asset services provider licenses on July 1.
As per a CNBC report, Japan’s stock markets hit an eight-month low on Friday, as they declined for two straight days after the Bank of Japan raised benchmark interest rates to their highest level since 2008. BoJ Raises Interest Rates By 15 Basis Points On Wednesday, the Bank of Japan (BOJ) raised interest rates by …
Major U.S. stock indexes are suffering 2.5%-3.5% declines on Friday.