The cryptocurrency plunged below the $90K threshold once again on Wednesday, as a multi-day sell-off persisted. Bitcoin Dips Below $90K and Paper Hands Start Panic Selling, Glassnode Says Bitcoin retreated below the $90K threshold once again, and skittish investors with so-called โpaper handsโ are getting the heck out of dodge in droves. At least thatโs […] Original
The DeFi Education Fund, an advocacy organization focused on decentralized finance, has proposed utilizing the technology to reduce costs, aiming to address poverty in the United States and globally. In a Wednesday blog post, the group said DeFi infrastructure could potentially save unbanked and underbanked people around the world about $30 billion annually through reducing remittance costs. The organization cited examples of workers sending funds home and paying fees to do so, which could be reduced โby up to 80%โ with DeFi. โThe poverty premium [the expenses incurred by low-income…
Key Notes Circle’s Hashnote brings institutional-grade Treasury collateral to BNB Chain with near real-time USDC settlement. The $1.07B fund offers 3.93% APY through price appreciation, targeting non-US institutions with KYC requirements. BNB Chain deployment follows recent institutional moves, addressing demand for regulated DeFi collateral. Hashnote, the institutional asset management subsidiary of Circle, has deployed its USYC tokenized money market fund on BNB Chain on Nov. 19. The launch enables investors to utilize the yield-bearing asset as collateral within the networkโs decentralized finance protocols. The expansion brings USYC to the BNB…
BlackRockโs iShares Bitcoin Trust (IBIT) recorded $523 million in net outflows on Tuesday, its most significant single-day withdrawal since launching in January 2024. Summary Abu Dhabiโs sovereign wealth fund Mubadala invested $518 million in a Bitcoin ETF. The fund tripled its Bitcoin exposure just before the crypto crash. BlackRock Inc.โs iShares Bitcoin Trust ETF posted five consecutive days of outflows totaling $1.43 billion. The fund has now posted five consecutive days of outflows totaling $1.43 billion, contributing to four straight weeks of withdrawals amounting to $2.19 billion. The accelerating outflows…
Key Notes US policy developments triggered the latest AVAX selloff, pushing monthly losses beyond 25% as market sentiment weakened across major cryptocurrencies. Granite upgrade delivers three protocol improvements including dynamic blocktimes, FaceID-compatible authentication, and optimized cross-chain messaging costs. Technical indicators show persistent bearish pressure with AVAX trading below all major moving averages and requiring a close above $16 for recovery signals. Avalanche AVAX $13.77 24h volatility: 6.4% Market cap: $5.90 B Vol. 24h: $441.84 M fell 6% on Nov. 19, trading as low as $13, exceeding its losses since the…
On Wednesday, the crypto market coughed up a hefty chunk of value as bitcoin slipped under the $89,000 mark and ethereum dipped below $2,900. While the heavyweights took their hits, plenty of alternative assets face-planted hard enough to make even seasoned holders feel queasy. Digital Asset Devastation: Only a Handful of Coins Escape the Wreckage […] Original
Exchange-traded product (ETP) provider 21shares launched its Solana exchange-traded fund (ETF) on Wednesday, marking the fifth SOL (SOL) ETF offering in the US. The fund holds spot SOL and will stake its holdings to secure the blockchain network and reap rewards, according to an announcement from 21shares. Senior Bloomberg ETF analyst Eric Balchunas said: โ21Shares is debuting its spot Solana ETF (TSOL) today, which will have a fee of 21 basis points (BPS) and is opening with $100 million in assets under management (AUM). The Solana ETFs have now taken…
โถ Coinbase Website: Coinbase.com โถ CEX Website: cex.io ๐ Coinbase Referral: ๐ Get Started with Paradex: ๐ Free community: ๐ Courses and support: ๐ Twitter: Here is your complete guide to getting started with Coinbase in 2025: This Coinbase tutorial is designed for beginners with no crypto experience, walking you through every step to become a confident crypto investor. We cover everything from setting up and securing your account , depositing cash from your bank, understanding the difference between Coinbase Basic and Coinbase Advanced, and making your first trades. Learn…
Mike McGlone is dusting off one of his old calls โ the kind that made headlines in 2018 โ and applying it to todayโs overheated crypto market. McGlone Sees a Deeper Pullback Forming The Bloomberg strategist Mike McGlone says his earlier prediction that bitcoin would โdrop a zeroโ when it traded near $10,000 was only […] Original
Key Notes Crypto options launched with 14 trading partners and crossed $1 billion in volume during Q3, while US spot trading began after NYDFS approval. Ark Invest has accumulated approximately $172 million in Bullish shares since the company’s August public listing across multiple ETFs. The exchange ended Q3 with $3.48 billion in net liquid assets and projects Q4 subscription revenue between $47 million and $53 million. Bullish reported net income of $18.5 million for the third quarter on Nov. 19, swinging to profitability from a loss in the prior year…