Tag: Investors

CME Bitcoin futures show investors betting on $40K BTC price

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The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance’s BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin’s potential to break above the $40,000 mark in the short term. CME Bitcoin futures open interest, USD. Source: Coinglass CME’s current Bitcoin futures open interest stands at $4.35 billion, the highest since November 2021 when Bitcoin hit its all-time high of $69,000–a clear indication of heightened interest,…

Institutional Investors Pour $346 Million Into Crypto

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Crypto investment products have experienced another week of inflows, bringing the run to nine consecutive weeks of inflows. According to CoinShares’ latest report on digital asset investment funds, inflows into crypto products totaled $346 million last week, with some cryptos receiving more investments than others.  With last week’s numbers, the total value of inflows into crypto investment funds this year now stands at $1.663 billion. Overview Of Institutional Investment In Crypto This Week Although volatile and still in its nascent phase, the crypto market has attracted its fair share of…

Coinbase (COIN) Stock Soars to 18-Month High as Investors Crypto Interest Grows despite Binance Legal Issues

COIN is presently trading at $119 after closing at $115 on November 27, which is the highest close since May 2022. The price now has minimal resistance ahead as it is moving toward $130, the May 2022 high. Major cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has seen its stock price climb over 250% so far this year. This brings the company close to its valuation from before the massive crypto crash of 2022. Last year’s cryptocurrency decline started with the implosion of TerraUSD, a so-called “stablecoin” whose value was…

Binance’s saga heaps pressure on BB; investors explore new AI altcoin

There’s a wave of uncertainty at Binance as Changpeng Zhao resigns as CEO, pleading guilty to money laundering violations. The exchange faces a $4.3 billion settlement fee for its involvement. The key question: Will this turmoil affect BNB’s price? Bearish pressure looms over BNB, and investors are closely watching for the impact of recent developments. Meanwhile, some investors are paying attention to InQubeta (QUBE), a new AI altcoin.  This article will explore the potential price outlook for BNB post-saga and the increasing interest in InQubeta. InQubeta attracting investors InQubeta, a…

Ethereum may retest $2,500, investors dig into Meme Moguls presale

Significant developments for Ethereum (ETH) holders unfolded this month with the submission of official Ethereum ETFs to the U.S. SEC for consideration.  If approved, it could reshape Ethereum’s landscape by facilitating institutional investment.  Meanwhile, investors are actively participating in the Meme Mogul (MGLS) presale, a project aspiring to become a meme-backed stock market/exchange. Ethereum remains bullish Ethereum has been underperforming compared to other top cryptos like Bitcoin (BTC) and Solana (SOL). However, the recent surge of ETF filings has rekindled interest in the second-largest coin. Analysts predict that Ethereum could…

Bitfarms secures $44m from U.S. investors to boost Bitcoin mining ops

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Bitfarms announces a $44 million private placement with U.S. investors to expand its Bitcoin mining infrastructure and strengthen its working capital. Bitfarms Ltd., a Canadian Bitcoin mining company, has initiated a private placement deal with U.S. institutional investors to raise approximately $44 million ($60 million CAD). This strategic deal, set to close around Nov. 28, entails the issuance of over 44 million common shares at 99 cents each, coupled with warrants for purchasing additional shares.  As Bitfarms mentions, the proceeds from this private placement will fund key growth initiatives, including…

GORILLA tanks 30%, meme coin investors considering MK

The meme coin market has been highly volatile this week, with Gorilla (GORILLA) crashing by over 30% since Nov. 22. Given the sell-off, investors have questioned whether GORILLA’s hype cycle is ending. Amid this, meme coin enthusiasts are exploring a new altcoin, Meme Kombat (MK), which recently launched its presale. Meme coin GORILLA drops 60% from all-time high At the time of writing, the GORILLA price is hovering around $0.0011 – a 60% drop from its all-time high recorded on Nov. 21. Before this all-time high, GORILLA had traded sideways since Nov.…

Bitcoin, EOS, and BNB prices fall after Binance deal; InQubeta draws investors

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The Binance exchange aims for its native Binance Coin (BNB) to regain favor as a viable crypto investment following the resolution of its legal issues with the U.S. Securities and Exchange Commission (SEC).  The settlement involved Binance CEO Changpeng Zhao pleading guilty to violating U.S. anti-money laundering laws and agreeing to a $4.3 billion settlement, including a $50 million corporate penalty from Zhao’s private funds. The impact of this settlement is debated in crypto.  Meanwhile, Bitcoin (BTC) is stable after rallying, increasing interest in altcoins like InQubeta (QUBE) and EOS. …

Nansen phishing emails flood crypto investors’ inboxes

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Numerous users of the crypto analytics platform Nansen have received phishing emails from scammers pitching an “exclusive opportunity” to participate in the fictitious “Nansen Airdrop.” On Nov. 23, crypto community members on X (formerly Twitter) flagged an ongoing phishing campaign targeting Nansen users. The scammers are impersonating Nansen and sending fake invitations to an exclusive airdrop event. Cointelegraph confirmed the hack from crypto investigator Officer’s Notes (Officercia), who initially warned the community about the ongoing attack. He suspects that user data from a previous third-party database leak is being used…

Singapore Tightens Crypto Regulations to Protect Retail Investors

The new measures will be rolled out in phases, beginning in mid-2024. One of the incoming rules will ban the use of locally issued credit cards to purchase cryptocurrencies. In a bid to safeguard retail investors amidst the growing number of individuals engaging in digital asset usage, Singapore has taken steps to tighten crypto regulations. The Monetary Authority of Singapore (MAS) recently announced these new measures, aimed at curbing risky practices that often serve as incentivization techniques on crypto platforms. The new measures will be rolled out in phases, beginning…