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Tag: Crypto
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Crypto Funds Rake in $1 Billion in Inflows as Sentiment Rebounds
Key Notes CoinShares reported that crypto investment products bagged $1 billion in inflows. This marks the end of four consecutive weeks of outflows totaling $5.7 billion. Bitcoin price reached $90,000 last week but has retracted further. Digital asset investment products have finally broken the streak of four consecutive weeks of outflows. According to CoinShares’ weekly report, these assets recorded inflows of up to $1 billion, reflecting rebounding sentiment within the broader cryptocurrency market. The hope for an interest rate cut this December may have contributed to this pivot. Crypto Products…
BOJ Rate Decision Near as Crypto Liquidations Hit $643M
Key Notes Prediction markets assign a 57% probability to a BOJ rate hike at December 18-19 meeting following Governor Ueda’s hawkish signals. Crypto liquidations reached $643M on December 1, with Bitcoin falling 5.2% and Ethereum dropping 5.4% during Asian trading. Japan’s 10-year bond yield hit 1.86%, the highest since 2008, threatening the yen carry trade that has funded global risk assets. The Bank of Japan meets Dec. 18-19 to decide on interest rates. Prediction markets put the odds at 57% for a rate increase, according to Polymarket. Bitcoin BTC $86…
Best Altcoins to Buy as Crypto Derivatives Shift From Fear to Full-On FOMO
What to Know: With derivatives markets finally chilling out and funding rates normalizing, traders are quietly swapping fear for early accumulation. This low-volatility window offers a perfect chance to rotate into solid tech plays before leverage-fueled FOMO kicks back in. Bitcoin Hyper is turning heads by raising over $28M to bring Solana-speed smart contracts directly to Bitcoin’s network. Traders are also eyeing SUBBD Token’s AI tools for creators and Monero’s new security upgrades as top picks for this cycle. Derivatives desks are finally taking a breath. Funding rates that were…
Crypto ETPs Surge With Bitcoin, XRP And Ether Gains
Cryptocurrency investment products snapped a four-week losing streak, drawing about $1 billion in fresh money after four consecutive weeks of losses totaling $5.5 billion. Crypto exchange-traded products (ETPs) recorded $1.07 billion of inflows last week, their first week of gains since late October, according to the European crypto asset manager CoinShares. James Butterfill, CoinShares’ head of research, attributed the rebound to optimism over a potential US interest rate cut, following remarks from Federal Open Market Committee (FOMC) member John Williams. “The turnaround in sentiment follows FOMC member John Williams comments…
$300 Million Crypto Bet: Kazakhstan’s Central Bank Gears Up
Kazakhstan’s central bank has signaled plans to place up to $300 million into crypto and crypto-linked assets, a move that would mark one of the clearest examples yet of a sovereign institution putting reserve money into this market. Based on reports, the funds would come from the country’s gold and foreign-exchange reserves rather than its social or oil wealth funds. Central Bank Moves Cautiously According to central bank briefings and market reporting, the investment will not be made all at once. Initial tranches could be modest — figures discussed publicly…
HashKey IPO on HKEX approved amid mainland crypto quarantine
HashKey Holdings, the parent company of one of Hong Kong’s largest licensed crypto exchanges, has moved a step closer to a public listing, according to new filings from the Hong Kong Stock Exchange (HKEX). On Monday, the HKEX published a 633-page post-hearing information pack for HashKey Holdings. The document was published at the request of The Stock Exchange of Hong Kong Limited and the local financial regulator, the Securities and Futures Commission (SFC). A post-hearing information pack is only published after HKEX’s listing committee formally clears an applicant at the…