News

BTC Approaches $64K: BoJ Rate Decision Boosts Risk Assets

Bitcoin approaches $64,000, as BTC futures see billions in new flow, while the Bank of Japan's decision to hold rates boosts risk assets.

Yagyesh Jaiswal

Bitcoin gained 10% over the past week, as macro data led to optimism about riskier assets. Open interest showed a $5 billion influx in BTC, and crypto markets saw meme tokens and layer-1 tokens leading the price increase.

BTC Climbs to $64K After Fed Cuts Interest Rates

Bitcoin price action reached a new high of $62,600 on September 19th, after the U.S. Federal Reserve surprised the market with a 0.5% interest rate cut, that led to fears of potential repercussions in the U.S. financial markets.

Yagyesh Jaiswal

The crypto market soared on September 19th, as Bitcoin (BTC) price rose to a three-week high of $62,600, due to an unexpected action by the U.S. Federal Reserve that morning, cutting interest rates by 0.5%. More than $128M in short BTC positions were liquidated due to the price rise.

BlackRock Unveils Bitcoin's Potential as a Portfolio Asset

BlackRock's 9-page document to clients presents Bitcoin as a "unique diversifier" for portfolios, highlighting its uncorrelated returns and resilience despite acknowledging its risks.

Karim Noun

BlackRock's 9-page document to clients presents Bitcoin as a "unique diversifier" for portfolios, highlighting its uncorrelated returns and resilience despite acknowledging its risks.

Revolut's Bold Move: Developing Its Own Stablecoin

Revolut is reportedly in the final stages of developing its own stablecoin. This step is in line with the company’s “borderless banking” mission statement and adds to its existing crypto services.

Karim Noun

Revolut is reportedly in the final stages of developing its own stablecoin. This step is in line with the company’s “borderless banking” mission statement and adds to its existing crypto services.

FTX Auditor Fined $2M by SEC for Negligence

FTX Auditor Prager Metis CPAs to Pay approximately $2 Million dollars to Settle with the SEC. The settlement includes negligence claims in regard to FTX audits and auditor independence violations. The case also makes it clear that there needs to be some standard of auditing in the crypto industry.

Karim Noun

FTX Auditor Prager Metis CPAs to Pay approximately $2 Million dollars to Settle with the SEC. The settlement includes negligence claims in regard to FTX audits and auditor independence violations. The case also makes it clear that there needs to be some standard of auditing in the crypto industry.

Circle Streamlines USDC Access in Brazil and Mexico

Circle enables direct USDC purchases using Brazilian Reais and Mexican Pesos through national payment systems. This move aims to reduce transaction times and costs for businesses in Latin America.

Karim Noun

Circle enables direct USDC purchases using Brazilian Reais and Mexican Pesos through national payment systems. This move aims to reduce transaction times and costs for businesses in Latin America.

BNB Surges 20% Ahead of FED Decision and Release of CZ

BNB price jumps 20%, outpacing BTC and ETH, ahead of expected movement from the Fed this week and the anticipated release of jailed CZ.

Yagyesh Jaiswal

Driven by speculation of a possible US Fed rate cut, BNB leaped 20% to reach $561 and sees a return of ex-Binance CEO CZ. The report examines the recent market trend and outlook.

Trump Launches New DeFi Platform 'World Liberty Financial'

Former President Donald Trump has launched a new cryptocurrency platform called 'World Liberty Financial' to provide financial services and investment opportunities to his followers.

Yagyesh Jaiswal

World Liberty Financial, a crypto project launched under the Trump family, has issued a governance token called WLFI. The token will be non-transferable and available only to accredited investors under a Regulation D exemption.

Launch of Circle's USDC Stablecoin on the Sui Network

Circle's USDC stablecoin, the second-largest stablecoin in the crypto market, is launching natively on the Sui network through the Cross-Chain Transfer Protocol (CCTP), improving usability, security, and interoperability for developers and users.

Yagyesh Jaiswal

The integration of Circle's USDC stablecoin, which accounts for nearly half of all digital dollars, and the CCTP on the Sui network will improve market efficiency and create opportunities for developers to build applications for users to send, spend, and save seamlessly in digital dollars.

Binance CEO CZ Nears Release as Exchange Faces New Challenges

Binance CEO CZ is expected to be released from US custody on September 29. However, Binance still receives legal pressure from the SEC regarding securities laws violations.

Karim Noun

Binance CEO CZ is expected to be released from US custody on September 29. However, Binance still receives legal pressure from the SEC regarding securities laws violations.

Bitcoin Volatility Expected as Fed Considers Rate Cuts

According to Bitfinex, the future Bitcoin price fluctuations may be caused by the Federal Reserve’s decision to lower interest rates. The report shows the bullish signals but also describes how the markets can respond to various rate cuts.

Karim Noun

According to Bitfinex, the future Bitcoin price fluctuations may be caused by the Federal Reserve’s decision to lower interest rates. The report shows the bullish signals but also describes how the markets can respond to various rate cuts.

MicroStrategy's $1.1B Bitcoin Buy: Strategy and Impact

MicroStrategy purchased 18,000 Bitcoin for $1.1 billion the past month, increasing its total holdings to 244,800 BTC. The company's Bitcoin investment strategy has yielded a 17% return for shareholders in 2024.

Karim Noun

MicroStrategy purchased 18,000 Bitcoin for $1.1 billion the past month, increasing its total holdings to 244,800 BTC. The company's Bitcoin investment strategy has yielded a 17% return for shareholders in 2024

Circle CEO: US Set to Lead in Crypto

Circle relocates to New York City. Furthermore Jeremy Allaire predicts mainstream stablecoin adoption by 2025, signaling a positive shift in the overall industry's outlook.

Karim Noun

Circle relocates to New York City. Furthermore Jeremy Allaire predicts mainstream stablecoin adoption by 2025, signaling a positive shift in the overall industry's outlook.

ETH Declines After Shots Fired at Trump’s Florida Home

Former United States President Donald Trump emerged unscathed after gunshots rang out around his Golf club in Florida on September 15th. The news sent shockwaves of fear through the crypto markets, as Ethereum bottomed out at $2,260 in the following hours.

Yagyesh Jaiswal

Former President Donald Trump was unhurt after gunfire erupted outside his Golf Club in Florida on September 15th. As much as the situation did not directly impact the crypto markets, this fear and uncertainty spread through investors to see Ethereum nosedive 6% in hours.

Etoro Narrows Crypto Offerings Following SEC Settlement

Etoro settles with the SEC for $1.5 million and limits crypto trading to only three assets. The company remains optimistic about future regulatory clarity in the US crypto market.

Karim Noun

Etoro settles with the SEC for $1.5 million and limits crypto trading to only three assets. The company remains optimistic about future regulatory clarity in the US crypto market.

Bitcoin Whale Transactions Plummet by 33.6% Since March

According to blockchain analytics firm Santiment, Bitcoin whale transactions have fallen off a cliff since March 2023. While the fall is interesting, this may not be an entirely bearish signal.

Yagyesh Jaiswal

Bitcoin whale transactions have fallen off a cliff since March 2023, when Bitcoin reached its all-time high of $73,679. According to Santiment, there has been a 33.6% drop in $100,000 or more-value Bitcoin whale transactions on a week-over-week basis since March 13.

Presidential Debate Shakes Up Markets, Crypto Remains Unmentioned

The first Trump-Harris debate has influenced the shifts in the prediction markets where both candidates have the same odds. Bitcoin’s price was negatively affected after debate with a slight price drop, proving that crypto markets are vulnerable to political events.

Karim Noun

The first Trump-Harris debate has influenced the shifts in the prediction markets where both candidates have the same odds. Bitcoin’s price was negatively affected after debate with a slight price drop, proving that crypto markets are vulnerable to political events.

Crypto Market Pressures: ETF Outflows and Election Uncertainty

Explore how US elections, ETF outflows, and economic uncertainty are impacting crypto markets.

Karim Noun

Nansen's report highlights multiple factors pressuring crypto markets, including The upcoming US election uncertainty, increasing ETF outflows, and economic uncertainty. These challenges are contributing to a cautious market sentiment and prolonged consolidation.

Harris' Odds Surge, Now Tied with Trump on Polymarket

Vice President Kamala Harris's winning odds have surged, bringing her into a tie with former President Donald Trump on Polymarket.

Yagyesh Jaiswal

Vice president Kamala Harris now has surging odds on Polymarket, tying those of former President Donald Trump. The change marks an important moment in the 2024 presidential race.

Tether's Double Boost: Fighting Crime and Educating Users

Tether announces strategic partnerships in order to address USDT misuse and enhance crypto education amongst users. The company launches a crime-fighting unit with TRON and TRM Labs, and partners with Valora for stablecoin education in emerging markets.

Karim Noun

Tether announces strategic partnerships in order to address USDT misuse and enhance crypto education amongst users. The company launches a crime-fighting unit with TRON and TRM Labs, and partners with Valora for stablecoin education in emerging markets.

Bitcoin Miners Resilient Amid Trader Inactivity

Bitcoin Hash Rate reaches an all time high despite market challenges, while traders show a drop in activity as BItcoin enters the Low-risk zone. Glassnode report highlights contrasting trends in mining resilience and trading behavior.

Karim Noun

Bitcoin Hash Rate reaches an all time high despite market challenges, while traders show a drop in activity as BItcoin enters the Low-risk zone. Glassnode report highlights contrasting trends in mining resilience and trading behavior.

Bitcoin ETFs See First Positive Inflow in 2 Weeks

After two weeks, Bitcoin ETFs finally recorded a positive inflow of $28.6M, while BlackRock saw its third consecutive outflow.

Yagyesh Jaiswal

Bitcoin ETFs saw a $28.6M inflow for the first positive movement in two weeks, while BlackRock extended its bleeding into the third week.

Tether, Tron, and TRM Labs Unveil Joint Financial Crime Unit

Tether, Tron, and TRM Labs have joined hands to unveil a special financial crime unit focused on tackling illicit activity on the Tron blockchain.

Yagyesh Jaiswal

T3 FCU will work to strengthen cryptocurrency ecosystem security and trust by using combined powers among Tether, Tron, and TRM Labs.

Bitcoin ETF Adoption: Advisors Lead the Charge

Explore how Bitwise CIO Matt Hougan analyzes the rapid and increasing adoption of Bitcoin ETFs by investment advisors, making BlackRock's IBIT one of the fastest-growing funds in 2024 by Advisors.

Karim Noun

Bitwise CIO Matt Hougan, analyzes the rapid and increasing adoption of Bitcoin ETFs by investment advisors, making BlackRock's IBIT one of the fastest-growing funds in 2024 by Advisors.

Coinbase Market Share Dips as Smaller Exchanges Rise

Coinbase's market share falls from 53% to 41%, while smaller exchanges like Bullish are increasing their market share. However despite this decline in Coinbase market share, the top three US crypto exchanges remain dominant with nearly 90% of the market.

Karim Noun

Coinbase's market share falls from 53% to 41%, while smaller exchanges like Bullish are increasing their market share. However despite this decline in Coinbase market share, the top three US crypto exchanges remain dominant with nearly 90% of the market.