Tag: Report

Sui price rally gains steam after a highly bullish Grayscale report

Sui price staged a strong recovery this week, reaching its highest level since June 12, as the crypto bull run continued. Sui (SUI) jumped to a high of $3.3300, up by over 43% from its lowest level in June this year The rally coincided with the ongoing crypto rally, with Bitcoin (BTC) surging to an all-time high of nearly $113,000. Most altcoins like Cardano (ADA) and Ethereum (ETH) also gained steam. Sui’s rally also followed the release of a detailed report from Grayscale, which explained why it stands out. The…

Circle Secures Partnership With Ant Group Subsidiary: Report

Key Notes Circle’s USDC stablecoin is set to be integrated into Ant International’s blockchain platform once US regulatory compliance is met. Ant International is pursuing stablecoin licenses in Hong Kong, Singapore, and Luxembourg. The partnership follows Circle’s $1.05B IPO and deepens its push to embed USDC into everyday financial services. Circle, the issuer of the USD-backed stablecoin USDC, has reportedly secured a partnership with Ant International, the global subsidiary of Jack Ma’s Ant Group. Sources familiar with the matter told Bloomberg that Ant International plans to integrate USDC into its…

Crypto Hackers Drain $42,000,000 From Decentralized Perps Exchange GMX, Sends Funds to Unknown Wallet: Report

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Blockchain security firm PeckShield says that bad actors stole tens of millions of dollars from the decentralized perpetuals exchange GMX (GMX). Posting on the social media platform X, PeckShield says that a hacker has exploited the crypto exchange to the tune of $42 million, sending $9 million of the stolen funds to the Ethereum (ETH) network from Arbitrum (ARB). “GMX has been exploited for ~$42 million. The exploiter has bridged ~$9.6 million worth of cryptos to Ethereum.” GMX confirmed the hack on its own X account, saying that its Arbitrum-based…

Bitcoin Lacked Mainstream Media Coverage In Q2: Report

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Mainstream media coverage of Bitcoin and crypto in the second quarter was polarized and lacking in volume despite the cryptocurrency reaching an all-time high, says market intelligence firm Perception. There were a total of 1,116 articles published by 18 mass media outlets in the second quarter, which revealed a “deeply polarized narrative landscape” in media coverage of digital assets, according to the firm’s report released on Tuesday.  The report didn’t draw direct comparisons to previous quarters, but said the overall sentiment toward Bitcoin (BTC) saw a “dramatic divergence between outlets,”…

Bitcoin Latest Rally Backed By Stronger Purchasing Power: Report

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Data of the Bitcoin Stablecoin Supply Ratio suggests investors have stronger purchasing power today than during the previous bull rally. Bitcoin Stablecoin Supply Ratio Showing Neutral Purchasing Power In its latest weekly report, the on-chain analytics firm Glassnode has talked about the latest trend in the Stablecoin Supply Ratio (SSR) of Bitcoin. This indicator measures the ratio between the Bitcoin supply and the supply of stablecoins. Stablecoins are cryptocurrencies that have their price tied to a fiat currency. The SSR specifically measures the supply of the stablecoins tied to the…

Bitcoin Steady as Stocks Rally After Upbeat Jobs Report

Stocks surged to record highs once again after positive jobs data sparked a market rally. Bitcoin however, chugged along, mostly flat. Jobs Report Buoys Optimism, Bitcoin Flat As Stocks Surge Market sentiment was positive across the board on Thursday after the U.S. Bureau of Labor Statistics revealed better than expected June employment data. The economy […] Source CryptoX Portal

Stablecoins supply crossed $250b on investor optimism: Binance report

In June, crypto markets rose modestly, but stablecoins were the big winners, according to a report by Binance Research. Markets remained bullish but volatile throughout the month, while stablecoins became a focal point. On Thursday, July 3, Binance Research published a report outlining key trends from the past month. Most notably, stablecoin volume reached $253.7 billion, as landmark legislation passed the U.S. Senate. The passage of the Genius Act in the Senate was a major catalyst that drove stablecoin adoption. The act brings stablecoins into a regulated framework, prompting more…

Peter Thiel and Billionaire Consortium To Launch New Bank Serving Cryptocurrency Startups: Report

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PayPal co-founder Peter Thiel and a handful of other tech billionaires are reportedly launching a new bank partially dedicated to serving crypto startups. According to a new report from Financial Times, Thiel and other investors – such as the CEO of military contracting company Anduril – to create a bank called Erebor, which references to popular fantasy series The Lord of the Rings. FT says the billionaires intend for the bank to serve crypto startups and take the place of Silicon Valley Bank (SVB), a crypto-friendly bank that ended up…

Belgium Bank KBC To Debut Bitcoin Via Bolero: Report

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KBC Bank, one of Belgium’s largest financial institutions, is reportedly preparing to allow its customers to invest in cryptocurrencies through its Bolero subsidiary. Bolero, an online investment platform operated by KBC, will roll out access to Bitcoin (BTC) and Ether (ETH) investments on its platform later this year, local newspaper L’Echo reported on Wednesday. KBC expects to secure regulatory approval for the product by autumn. A spokesperson for KBC confirmed the bank’s plans to L’Echo. “Individual investors could then invest directly in Bitcoin and Ether in a secure environment, with…

Only a handful of Bitcoin treasury companies will survive: Report

Only a few Bitcoin (BTC) treasury companies will stand the test of time and avoid the vicious “death spiral” that will impact BTC holding companies that trade close to net asset value (NAV), a business entity’s total assets minus its liabilities, according to a report from venture capital (VC) firm Breed. The health of Bitcoin treasury companies hinges on their ability to command a multiple of their net asset value (MNAV), the authors wrote. Breed’s report outlined the seven phases of a BTC treasury company’s decline, which begins with a…