A transaction unearthed by Arkham Intelligence revealed that bitcoins linked to the Silk Road have been moved to Coinbase Prime. “10K Silk Road BTC ($593.5M) moved to Coinbase Prime,” Arkham posted on X. The firm further explained, “Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks ago. This BTC has just […] Original
Bitcoin hashrate, the computational power securing the Bitcoin network, is emerging as a unique commodity with intriguing investment potential, say Sadiq Jaffer, Senior Manager, Financial Services, KPMG UK, and Kunal Bhasin, partner for Digital Assets Center of Excellence, KPMG Canada. Source
On Tuesday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced an inflow of $38.94 million, while spot ether ETFs attracted $24.34 million. Tuesday’s Inflows Boost Spot Bitcoin and Ether ETFs The positive momentum continued for spot bitcoin and ether ETFs on Tuesday, with both groups enjoying fresh inflows. Spot bitcoin ETFs raked in $38.94 million, led […] Original
Binance, the world’s largest cryptocurrency exchange, will pay 9.6 million reais ($1.76 million) to the Brazilian Securities and Exchange Commission (CVM) as a settlement for offering derivatives trading services in the country without receiving the corresponding license. Source
Cryptocurrencies, which would have been expected to fall by a greater amount than equities anyway, had their own negative drivers, including impending Mt. Gox fallout, mixed spot digital asset ETF flows, a rising appreciation that pro-crypto Trump candidacy isn’t a lock, and reports of a large market maker dumping hundreds of millions of dollars of crypto during the panic’s peak. All in, Bitcoin touched $49,200, down 30% from just a week earlier, while Ethereum fell below $2,200, dropping 35% over that time. Source
“In recent cases where withdrawals exceeded $1 billion, bitcoin began a downtrend soon after, suggesting investors may be adopting a risk-off stance, moving funds to safer environments like cold wallets in anticipation of market volatility,” IntoTheBlock analysts said. Source
Maker (MKR) is currently demonstrating bullish moves with a 7% upswing, positioning it for a critical resistance test at $2,662. This surge reflects growing optimistic sentiment as key technical indicators suggest that the cryptocurrency could be on the verge of a significant breakout. As the market turns green, expectations are that the price of Maker maintain this momentum and push through the $2,662 resistance level, potentially setting the stage for further gains. This article tends to offer a clear understanding of Maker’s potential price trajectory by analyzing the recent price…
“We think that restaking is going to be the largest DeFi segment, similar to how liquid staking grew, and because of the complexities associated with restaking, I think everybody focuses on the token, but they don’t realize how much infrastructure needs to be run to essentially be able to secure AVSs and in Jito’s cases, NCNs,” Kozinski said. Source
Analysts at Bitfinex suggest that the latest Consumer Price Index (CPI) data aligns with expectations, bolstering the case for a Federal Reserve rate cut in September. Based on the latest CPI data released on Aug. 14, it seems that the U.S. economy might finally be getting a handle on inflation. In July, the yearly inflation rate dropped to 2.9%, marking the first time it has fallen below 3% since early 2021. Bitfinex analysts anticipate that markets will receive this potential shift in monetary policy positively, particularly in risk assets like…
Will Bitcoin’s price hold above critical support levels as the market digests cooling inflation and yen trade risks? A brief look at inflation figures Inflation is like the temperature in a room — too hot, and it’s uncomfortable; too cold, and it’s just as bad. For the past few months, the U.S. economy has been trying to find that ‘just right’ spot and all eyes are on the latest numbers to see where we’re headed next. The Producer Price Index data for July 2024 just came in, showing inflation is…