In early July, the Coinbase premium turned positive after a period of concern following a dip in mid-May. Research from Kaiko suggests that this shift could indicate a resurgence of institutional interest in Bitcoin. The Coinbase premium, which measures the difference between hourly bitcoin prices on Coinbase’s BTC-USD pair and Binance’s BTC-USDT pair, is a
Crypto
The largest spot Bitcoin ETFs in the US have seen positive inflows recently, but the price of Bitcoin itself experienced a significant retracement. Despite reaching close to $67,000 once more, the primary cryptocurrency had a tumultuous journey in the past few days. It failed to sustain above $65,000, slipped to $63,000, rebounded to $67,500, and
Hong Kong is set to make history on July 23 with the launch of Asia’s first Bitcoin futures inverse product, the CSOP Bitcoin Futures Daily (-1x) Inverse Product (7376.HK). This innovative exchange-traded fund (ETF) by China Southern Asset Management Co., Ltd (CSOP) is specifically designed to allow investors to capitalize on declines in the price
The recent CoinShares report highlighted a substantial rise in investment in digital asset products, reaching $1.35 billion last week. This influx of capital contributed to a total of $3.2 billion over the past three weeks. Additionally, trading volumes for Exchange Traded Products (ETPs) surged by 45% week-over-week, amounting to $12.9 billion. Despite these impressive figures,
Ripple’s XRP has experienced a significant surge in price, rising by 40% in just two weeks. This sudden increase has caught the attention of analysts and traders alike, leading to speculation about the future potential of XRP. Despite a brief dip below $0.55, XRP is currently trading above $0.60, with many industry participants predicting even
Ethereum has undoubtedly made its mark on the blockchain landscape over the past ten years. The journey began with its initial coin offering (ICO) in 2014, where Ethereum sold 2,000 ETH per unit per BTC in a fully permissionless environment. This ICO set the stage for Ethereum’s rise to become the second-largest cryptocurrency by market
After Joe Biden announced his withdrawal from the 2024 presidential race on July 21, 2024, presidential meme coins experienced significant volatility. The news not only affected tokens linked to Biden and his family but also had an impact on potential Democratic replacements. Immediately following the announcement, the Joe Biden-linked Jeo Boden (BODEN) token suffered a
Bitcoin’s price saw a positive reaction following President Joe Biden’s announcement of quitting the 2024 presidential race, reaching a multi-week high of over $68,000. This surge showcased the volatility in the cryptocurrency market, with altcoins also experiencing fluctuations. Bitcoin’s Recent Price Volatility Bitcoin has been through several periods of price volatility in recent weeks. After
The partnership between Kraken and Tottenham Hotspur marks a significant collaboration between the cryptocurrency exchange and the iconic football club. This alliance aims to leverage cutting-edge technologies like blockchain to enhance the experiences of clients and fans alike. Kraken and Tottenham Hotspur share a vision of making crypto accessible to everyone, similar to the accessibility
The past week has been quite eventful for the cryptocurrency market, with Bitcoin leading the charge. Despite not being the top performer, Bitcoin surged by an impressive 11% over the past seven days. The price chart shows a steady upward trend since July 14th, with BTC trying to break the $68K level but facing resistance
Bitcoin, the leading cryptocurrency, is currently experiencing a surge in price that has caught the attention of crypto investment firm Mechanism Capital. Andrew Kang, the co-founder of Mechanism Capital, recently took to Twitter to share his thoughts on Bitcoin’s unexpected strength in the market. Despite facing challenges in market structure dynamics earlier in the month,
Three individuals were recently arrested by the Hong Kong police for allegedly defrauding a businessman out of HK$3.11 million in crypto assets. The accused individuals offered the victim three bundles of counterfeit HK$1,000 banknotes during a transaction at a Mong Kok office. The fraudulent scheme was uncovered when the victim, a 44-year-old businessman, was instructed
State Street Corp., a prominent Boston-based finance company, is venturing into the realm of blockchain technology by contemplating the introduction of its stablecoin and tokenized deposits. The move seeks to enhance payment settlement processes by leveraging the capabilities of blockchain technology. According to a recent report by Bloomberg, State Street has been actively exploring opportunities
Kraken Institutional, the division catering to institutional investors of Kraken, recently announced the expansion of its custody services into the UK and Australia. This move comes after the division’s initial launch earlier this year, allowing institutional clients in these regions to securely store, manage, and transfer their crypto assets starting July 18th. According to Tim