The asset manager announced changes to a trio of diversified crypto funds. Source
Grayscale Shuffles Mixed Crypto Funds: Adds AVAX, DOT, ATOM; Drops SUSHI, SNX
Day: April 6, 2022
Ethereum traders eye the 61.8% Fib level if ETH fails to hold the $3.2K support
The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets and this seems to be exactly what happened on April 6. Data from Cointelegraph Markets Pro and TradingView shows that the downward move for Ether (ETH) accelerated on April 6 and dropped the top altcoin…
Cryptocurrency Index IC15 भारत में हुआ लांच! क्या क्या मिलेगा?
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io क्रिप्टोकरेंसी में रूचि रखने वालों के लिए खबर है कि भारत का पहला क्रिप्टोकरेंसी इंडेक्स हो गया है लांच! बता दें, मुंबई की फाइनेंशियल कंटेट प्रोवाइडर कंपनी टिकरप्लांट ने अपने ऐप क्रिप्टोवायर के जरिए इसे लॉन्च किया है. इसे आईसी-15(IC15) नाम दिया गया है. तो अब आपको बताते हैं कि आखिर ये क्रिप्टो इंडेक्स करता क्या है? कंपनी के मुताबिक यह दुनियाभर के 15 नामी लिक्विड क्रिप्टोकरेंसी के परफॉर्मेंस को ट्रैक करता है और बाजार के नियमों पर आधारित व्यापक मार्केट इंडेक्स…
Market Wrap: Altcoins Underperform as Traders Reduce Risk
Bitcoin (BTC) and other cryptos traded lower on Wednesday. Altcoins underperformed, indicating a lower appetite for risk among crypto traders. Hawkish Fed minutes contributed to losses as well. Source
UST staking goes live on Binance as Anchor reserves fall
On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna’s (LUNA) co-founder — attributed the origins of the high yield to Terra’s flagship Anchor protocol. Anchor rate is now available to 30M+ binance users The anchor yield of web3 is living up to its name. https://t.co/awubGdRJgP — Do Kwon (@stablekwon) April 6, 2022 Terra’s (Luna) ecosystem consists of its algorithmic stablecoin UST and governance/equilibrium token LUNA. The Anchor protocol…
Bitcoin – How Whales Are Stacking while the world is in FEAR
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Research Shows 19% of Bitcoin’s Hashrate Is Managed by Publicly Listed Companies – Mining Bitcoin News
According to findings stemming from a report published by Arcane Research, Bitcoin’s hashrate is steadily going public as an increasing share is deployed by publicly listed companies. Current data shows that the publicly listed miners’ share of Bitcoin’s hashrate is roughly 19% today, up 3% since January 2021. Publicly Listed Bitcoin Miners Continue to Grow, Public Miners Expand Capacity Much Faster Than the Overall Market Bitcoin mining has grown a great deal during the last few years as the crypto asset’s hashrate reached all-time highs this year. Presently, the network’s…
Fed Officials Discussed Shrinking Assets by Up to $95B a Month
With the release of the minutes this month, the Fed is laying the groundwork for its upcoming meeting on May 4-5, signaling traders what to expect in the coming months, which is why the impact of the central bank’s decisions can already be seen now. Source
President Biden is preparing to announce picks for SEC commissioners: Report
United States President Joe Biden is reportedly planning to nominate two commissioners with different political party affiliations to the Securities and Exchange Commission. According to a Wednesday report from the Wall Street Journal, Biden is considering Democrat Jaime Lizárraga, a staffer for House Speaker Nancy Pelosi, and Republican Mark Uyeda, counsel for the Senate Banking Committee on securities and capital markets, to fill seats left behind by SEC commissioners Allison Lee and Elad Roisman, respectively. Roisman left the regulatory body at the end of January, while Lee is expected to…
Top US Lawmaker Proposes Sweeping Stablecoin Regulation Framework
Sen. Patrick Toomey (R-Pa.), the ranking member of the committee, announced the “Stablecoin Transparency of Reserves and Uniform Safe Transactions Act of 2022,” dubbed the Stablecoin TRUST Act for short, as part of an effort to specify how the U.S.’s different regulatory agencies could approach companies issuing cryptocurrencies whose prices are pegged to the U.S. dollar or other assets. Source