On August 5, 2024, a report revealed that asset management giants such as BlackRock, Fidelity, Grayscale, and MicroStrategy did not succumb to panic despite a significant drop in the crypto market. Unlike many investors who sold their assets, these institutions maintained their positions! Demonstrating an unwavering confidence in the long-term potential of cryptocurrencies
Crypto in Decline: Whales Anticipate a Rebound!. .. . The crypto market has recently experienced a period of turbulence, with a 4% drop in global market value recorded over the past 24 hours. However, some assets have caught the attention of whales, these major investors who trade against the general trend. Why are these market giants betting on an imminent rebound? Let’s dive into the reasons and strategies behind this bold accumulation
Crypto: Ethereum ETFs Drop for 2 Consecutive Days! What's Happening?.
The eight newly launched Ethereum ETFs mostly recorded net inflows. The Fidelity Ethereum Fund (FETH) and the Bitwise Ethereum ETF (BITW) led the way with net inflows of $74.5 million and $29.6 million respectively. However, these inflows were not enough to offset the massive outflows from the Grayscale Ethereum Trust.The conversion of the Grayscale Ethereum Trust into a spot ETF allowed crypto investors to sell their shares more easily, leading to a wave of sales. In just two days, the Grayscale Ethereum Trust recorded outflows of $811 million, more than 9% of its holdings
Crypto: The Market Shaken by Significant Liquidations. .. The crypto industry is experiencing new upheaval. Prices of several major cryptocurrencies have indeed plummeted. This is particularly the case for Bitcoin and Ethereum, leading to massive liquidations. This instability raises many questions about the future of these digital assets
Crypto: Kamala Harris More Open Than Ever to AI and Bitcoin!.
.Vice President Kamala Harris, now a candidate of the Democratic Party for the U.S. presidency, is perceived by some experts as a potential ally of cryptocurrencies and artificial intelligence (AI). Renowned investor Mark Cuban claims that Harris will be ‘much more open’ to these technologies than the current President Joe Biden. With this perspective, the American technological and financial landscape could well transform.
Russia to decide on cryptos for cross-border transactions next week as trade with China hits roadblocks. ..
Yuri Chekhanchin, the head of Russia's Federal Financial Monitoring Service, has called for the Russian government to accelerate the creation of infrastructure for payments in cryptocurrencies, while also carefully weighing the associated risks, to help combat the struggles its economy faces due to sanctions.
Bitcoin as US reserve currency: Trump team reportedly considers adding BTC to Treasury. .
Presidential candidate Donald Trump has seen his odds of winning the 2024 Presidential Election surge in the wake of his failed assassination attempt. As analysts start to focus on how his policies could affect the U.S. economy, one rumor bodes extremely well for the cryptocurrency ecosystem: Trump could label Bitcoin (BTC) as a strategic asset at the upcoming Bitcoin 2024 Conference in Nashville.
Crypto: Ethereum Futures signal a bull market!. .The Ethereum futures market is currently in the spotlight, with recent data indicating a significant increase in open interest. This situation raises questions about the future direction of ETH crypto: are we facing a bullish or bearish trend?
Donald Trump wants to crush China in the crypto field!. .Former U.S. President Donald Trump has recently reiterated his strong support for the crypto industry, emphasizing its strategic importance for the United States. In an interview, Trump asserted that crypto could bring significant benefits to the nation! While warning against the risk of allowing other countries, particularly China, to gain an advantage in this field.
Binance boosts rewards: Exclusive airdrops for BNB Stakers. .
Binance never ceases to surprise and innovate. With the announcement of its third type of airdrop, reserved exclusively for BNB holders, the platform marks a new milestone. Indeed, users can now receive token rewards simply by staking their BNB. This initiative, called HODLer Airdrops, aims to reward user loyalty and engagement, while strengthening their active participation in the Binance ecosystem.
Federal Reserve (FED) Rate Cut: Big Impact on Crypto!. .. The crypto world is holding its breath in response to Jerome Powell’s statements. The Chairman of the U.S. Federal Reserve has delivered a crucial message for investors. His comments about interest rates could well redefine the contours of the cryptocurrency market.
The second quarter of 2024 was tough for the crypto industry. Bitcoin, leading the digital currencies, weathered a storm, impacting the altcoins as well. The bull run is still awaited. In this bleak context, the CoinGecko report highlights the trends and upheavals that marked these past months, focusing particularly on the limited impact of the Bitcoin halving and the challenges of Ethereum.
Polygon (MATIC) Struggles to Keep Up with the Bullish Momentum in the Crypto Market. ..
While the crypto market is experiencing a spectacular rebound, Polygon (MATIC) seems to be lagging behind. Despite its established position in the top 20, the native token of the layer 2 blockchain faces challenges that hinder its progression
Bitcoin Climbs to $66,000: The Keys to Understanding this Recovery. ..
As Bitcoin begins to regain its momentum after falling below the $60,000 mark, investors are rejoicing. This phenomenon is all the more surprising given that the halving, which should have increased its scarcity, did not have the expected effect. Let’s dive into the challenges and prospects of this leading cryptocurrency to understand this reversal of situation
Crypto: What Binance's Semi-Annual Report Reveals About the Market in 2024.
The world’s leading crypto exchange, Binance, is celebrating its seventh anniversary this month. This is an opportunity for the company to reflect on past achievements and look to the future. On this occasion, Binance has released its semi-annual report for 2024, offering a detailed overview of the current state of the crypto market. Here are the key takeaways from recent developments and future perspectives.
The just-released and highly anticipated June U.S. consumer price index saw a rise of 3.0%, year-on-year. June CPI was seen coming in at up 3.1% and compares to the May report reading of up 3.3%. The “core” CPI (excluding food and energy) was up 3.3%, annually and compares to forecasts for up 3.4% and compares to up 3.4% seen in the May report. The U.S. producer price index report for June is out on Friday morning.
A few analysts are even thinking the Fed could cut U.S. interest rates at its next FOMC meeting on July 30-31.
The CFTC Opposes Gary Gensler on the Actual Nature of Cryptos!
In a financial world where the distinction between securities and commodities is increasingly blurred, a recent statement by the Chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, has made waves. Speaking before the Senate Agriculture Committee, Behnam asserted that 70 to 80% of cryptos are not considered securities.