The cost of SOL in the cryptocurrency market took a hit again on Wednesday, as global markets responded to news about persistent inflation in the US. After the publication of the Consumer Price Index (CPI), both SOL and Bitcoin prices experienced significant declines, with SOL testing support at $160 and Bitcoin dropping to $67,500. At … Read more
The cryptocurrency market saw large price swings in April due to the approaching Bitcoin halving event later in the month. While most significant cryptocurrencies underwent notable corrections, coinciding with Bitcoin‘s consolidation, Ethena bucked the trend and continued its steady growth, reaching a new peak of $1.45 in this period. However, it remains to be seen … Read more
A former executive at FTX Derivatives Exchange, Ryan Salame, is set to be sentenced on May 28th in a New York court. This comes after he admitted guilt to criminal charges accusing him of collaborating in a financial fraud scheme. Based on information from the court records published on Tuesday, the sentencing hearing for Salame … Read more
At the Bitcoin Policy Summit held at the National Press Club in Washington on April 9, Senator Kirsten Gillibrand from New York announced upcoming plans for stablecoin legislation. The goal is to align with Bitcoin‘s original intent as a practical payment option. Working together with Senator Cynthia Lummis of Wyoming, Gillibrand emphasized the importance of … Read more
Bitcoin‘s halving is a significant occurrence in the cryptocurrency market, happening approximately every four years after 210,000 blocks are mined. The primary goal is to decrease the production of new coins by half. Historically, Bitcoin‘s price has experienced growth following these events. To date, there have been three halving occurrences in 2012, 2016, and 2020. … Read more
Recently, the second largest cryptocurrency, Ethereum (ETH), has experienced significant selling pressure, causing its price to decline. Despite attempting to surpass $3,700, Ethereum‘s price could not hold, leading to a partial pullback. However, an increased demand for Ethereum futures contracts relative to Bitcoin suggests a possible price increase in the near future. Ethereum Futures Open … Read more
The U.S. Bureau of Labor Statistics reported a 3.5% increase in the Consumer Price Index (CPI) for March. This figure is crucial for the Federal Reserve as it may decide the timing for potential interest rate reductions. However, some financial institutions, referred to as Wallet Street banks, predict an uptick in inflation before it declines … Read more
VanEck, known for its leadership role in Bitcoin ETF management, has recently announced a sizable investment in Ethereum (ETH) through Abyss Finance. This investment amounts to 4,640 Ethereum coins, equating to approximately $16.3 million. Within the past week, VanEck has shown its faith in Ethereum by staking an additional 13,920 ETH, bringing their total stake … Read more
Bitcoins struggle to surpass the $72,000 mark continues, leading to prolonged uncertainty in the cryptocurrency market. On April 9th, Bitcoin experienced a nearly 3.5% price drop due to increased supply pressure, marking its second significant reversal within three weeks. Yesterday, during US trading hours, the selling pressure for Bitcoin gained more force as the spot … Read more
In a recent episode of Reuter’s Inside ETFs, Grayscale CEO Michael Sonnenshein discussed Bitcoin ETFs, causing a stir in the global crypto market. According to Sonnenshein, outflows from the Grayscale Bitcoin Trust (GBTC) might be levelling off after prolonged selling by investors, catching the attention of investors on April 10. Since the U.S. SEC gave … Read more