Tag: 900M

Bitcoin drops to $65k, crypto market nears to $900m in liquidations

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Bitcoin has decreased by nearly 5%, reaching $65,000 for the first time in a week, as the overall crypto market capitalization dropped 7%. Ethereum’s price has also experienced liquidation, as the largest altcoin dropped 8.5% in 24 hours. According to Coinglass, more than 277,000 traders liquidated assets worth $877.79 million in 24 hours. The BTC decline is likely being driven by a pre-halving pullback and miner capitulation. There is a familiar anticipation that the halving will lead to a larger bull cycle for Bitcoin. A pullback generally occurs when traders start taking…

Ethereum price rally at risk amid $900M Profit-taking spree

Ethereum price grazed $4,100 territory in the early hours of March 12, but a profit-taking wave observed among long-term holders threatens to scuttle the rally.  After a blistering 73% rally over the last 30-days, Ethereum price rally has hit a brick wall at $4,100 mark. Can the bulls regroup for another brazen attempt at the $4,500 milestone or will ETH price surrender the $4,000 support.  Long-term investors traded 167,500 ETH within the last 24 hours Unlike Bitcoin (BTC), which has entered the price discovery phase, Ethereum is still about 22%…

Ethereum L2 Protocol Blast Sets New TVL Record above $900M

Blast’s growth in TVL is indicative of most institutional investors’ bullish stance for Ethereum and the DeFi market. In a breakthrough moment for Layer 2 (L2) scaling solution, Blast Network, a new record has been set, surpassing a Total Value Locked (TVL) of over $900 million. Data from DefiLlama, a leading authority in monitoring and analyzing Decentralized Finance (DeFi) trends, revealed Blast’s contact address, launched by Blur founder Pacman, has about $928.35 million TVL. This achievement marks a significant stride in the evolution of Layer 2 technologies, highlighting the growing…

MicroStrategy’s Bitcoin bag is up $900M amid BTC price surge

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Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds. The Michael Saylor-founded firm added 6,067 Bitcoin (BTC) since the third quarter, including another 155 in October, according to MicroStrategy’s Nov. 1 results filing. In October, @MicroStrategy acquired an additional 155 BTC for $5.3 million and now holds 158,400 BTC. Please join us at 5pm ET as we discuss our Q3 2023 financial results and answer questions about the outlook for #BusinessIntelligence…

Near Foundation treasury drops to $900M as token price plunges

At the end of Q2 2023, layer-one blockchain Near Protocol’s (NEAR) treasury had declined to $900 million, led by a fall in the price of NEAR tokens from $1.99 to $1.38 apiece. At the #NEAR Foundation, transparency is at our core. Check out the Foundation’s Q2 ’23 Transparency Report below for all the details on treasury, strategy, OKRs, and more! https://t.co/EXZcmhC7sA pic.twitter.com/twxiSffiWM — NEAR Foundation (@NEARFoundation) July 10, 2023 According to the July 10 report, the Near Treasury currently consists of $349 million in fiat, 315 million NEAR, and $90 million…

Bitcoin bears need BTC price to go below $27K ahead of Friday’s $900M options expiry

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The $900 million Bitcoin (BTC) weekly options expiry on May 12 might play a decisive role in determining whether the price will succumb below $27,000. Bitcoin price rejected again at $30,000 BTC bears will try to take advantage of macroeconomic headwinds, Silk Road coins’ FUD, and uncertainty caused by Bitcoin’s transaction fee spike to pull Bitcoin’s price down in the next few days. Bitcoin 4-h price movements during option expiries. Source: TradingView The BTC/USD pair  broke above $29,800 on May 6, but the tide quickly changed as the resistance proved stronger than anticipated.…

Gemini Co-Founder Accuses DCG’s Silbert of ‘Bad Faith’ Stalling in $900M Locked Funds Dispute

CryptoX – Cryptocurrency Analysis and News Portal Gemini Trust Co., which is co-owned by Winklevoss and his twin brother, paused redemptions on an interest-earning product called Earn in mid-November, a week after rival crypto exchange FTX filed for bankruptcy. The product offered investors opportunities to yield as much as 8% interest on their crypto by lending those digital tokens out to Genesis. Source The post Gemini Co-Founder Accuses DCG’s Silbert of ‘Bad Faith’ Stalling in $900M Locked Funds Dispute appeared first on CryptoX. CryptoX Portal

Crypto lender Genesis allegedly owes $900M to Gemini’s clients: Report

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Crypto lender Genesis and its parent company Digital Currency Group (DCG) allegedly owes $900 million to Gemini’s clients, according to a Financial Times report disclosed on Dec. 3 citing people familiar with the matter.  The issue derives from the FTX dramatic collapse in November. Crypto exchange Gemini operates a product called Gemini Earn in partnership with Genesis, offering investors the opportunity to earn 8% in interest by lending out their crypto, including Bitcoin and stablecoins pegged to fiat currencies. On Nov. 16, Genesis announced it had temporarily suspended withdrawals citing “unprecedented…