Data shows the Bitcoin Coinbase Premium Index has recently seen a surge, a sign that buying from US investors may contribute to the recovery. Bitcoin Coinbase Premium Index (7-Day SMA) Has Been Going Up Recently According to data shared by Julio Moreno, the Head of Research at CryptoQuant, the Coinbase Premium Index has been sharply trending up recently. The “Coinbase Premium Index” here refers to a metric that keeps track of the percentage difference between the Bitcoin price listed on Coinbase (USD pair) and that listed on Binance (USDT pair).…
Tag: Investors
Crypto Lender Maple Finance Opens Cash Management Pool for U.S Investors
Demand for blockchain-based T-bill offerings has been steadily rising as the yield on U.S. government debt, widely considered as risk-free, surpassed yields in decentralized finance (DeFi). Digital asset firms, crypto investment funds and protocol treasuries often hold substantial amount of cash in stablecoins. Tokenized Treasuries offer them a shield from inflation and a way to earn some yield. Source
Borroe presale attracting investors, Cardano remains volatile
The crypto world is constantly evolving. New platforms like Borroe are emerging to provide alternative funding solutions for web3 businesses and users. At the same time, established projects like Cardano (ADA) are facing challenges due to ongoing scrutiny from regulators. Expounding Borroe Borroe is a platform that helps web3 businesses with their financial needs. It offers a solution allowing companies to turn future income streams into non-fungible tokens (NFTs) that investors fund. These NFTs provide businesses with the necessary capital to meet their immediate needs. Borroe’s platform has several advantages over traditional financing…
What bitcoin investors can learn from Litecoin’s halving this week
Traders have been looking to next spring’s Bitcoin halving as a beacon of hope while regulatory uncertainty weighs on the industry and trading volumes remain suppressed. The halving is a market moving event that typically happens every four years when the reward for mining bitcoin is cut in half, as designed in the Bitcoin code, to reduce the supply of the cryptocurrency. Historically, it has set the stage for new bull runs, and the next one is expected to come in May 2024. Meanwhile, Litecoin – an offshoot of Bitcoin that…
Bitcoin BTC Price Seesaws Back Over $29.1K, as Investors Move Past Binance Angst; BCH, UNI, LTC Sink
“We’re seeing a multitude of influential factors at play, which includes corporate investments, regulatory advancements, macroeconomic shifts, and potential for increased accessibility through financial products like ETFs,” Feng wrote. “MicroStrategy’s continued investment in Bitcoin certainly underscores their commitment, helping solidify corporate interest in digital assets. This, in tandem with anticipation around the upcoming Bitcoin halving event, is influencing market behavior, as traders often view such milestones as potential catalysts.” Original
Justin Sun, other crypto investors buy CRV token in attempt to help Curve Finance
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following a recent exploit on the decentralized exchange, Curve Finance founder Michael Egorov managed to find an answer to his loan dilemma. Thanks to support from a group of backers, including Justin Sun, the principal value of Egorov’s loan on Aave (AAVE) decreased from $63.3 million to $54.1 million. Providing support to the fallen On July 30, Curve Finance faced a vulnerability linked to the Vyper programming language, resulting in an exploit that led hackers to…
Bald (BALD) Token Gobbled Millions of Dollars From Investors, But Does it Have Connections to Alameda?
“Given the track record and the lack of contacts with other players (even 3AC actively interacted with BlockFi, Genesis, etc.), then we can point the finger toward someone from Alameda,” he tweeted, “And let’s try to answer probably the most critical question, SBF or Sam Trabucco?” Source
Bitcoin BTC Price Lingers Near $29.2K, as Investors Mull Latest Industry Woes; CRV Sinks 12.5%
Bitcoin was recently outperforming Ether, the second largest crypto in market value, and other major altcoins by market capitalization. ETH was changing hands at $1,853, down 0.5% from Sunday, same time. SOL, TRX and MATIC, the tokens of smart contract platforms, Solana, Tron and Polygon, were recently off 1.8%, 2.3% and 2.2%, respectively. Original
Where’s the recession? These 3 economic indicators can alert investors to a market downturn
Inflation came down a lot faster than most investors and analysts anticipated, reaching 3% in June. The recession that most analysts predicted is nowhere to be seen, according to the 3.6% unemployment rate nearing a 50-year low and the S&P 500 Index showing a 19% gain year-to-date. While the current market performance may lead investors to believe that a recession has been avoided, there are three metrics that have been able to consistently predict recessions over time. These leading economic indicators are key economic variables that tend to move ahead…
Investors questioning PEPE potential, exploring Tradecurve
Pepe is a cryptocurrency based on the popular internet meme “Pepe the Frog.” Its prices surged shortly after launch. Similarly, Tradecurve is following a similar trend, recently rallying with expectations of more gains. In May of 2023, PEPE had a market capitalization of $1.8 billion. Investors are now considering whether this meme coin can replicate its past performance and closely monitoring the project. >>Register for the Tradecurve presale<< Pepe price prediction Meme coins are popular as they are speculative and volatile. Such was the case with Pepe (PEPE), as it surged shortly…