Arthur Hayes, co-founder of global cryptocurrency exchange BitMEX, wrote on his website, "The recent bitcoin correction attributed to net capital outflows from the grayscale bitcoin spot ETF GBTC is unfounded. As of the 22nd, all bitcoin spot ETFs, including GBTC, had a cumulative net inflow of...
NFT marketplace MagicEden announced today via Official X (formerly Twitter) that it is launching a user rewards program. "We have been working on a long-term, cross-chain NFT rewards program for the past year. This isn't just a points campaign, it's a plan to reward everyone - OGs, collectors,...
Jurrien Timmer, head of global macro at Fidelity, a large U.S. asset manager, wrote on his X (formerly Twitter) that "the price of bitcoin has returned to what I personally consider a fair value band". "If we set the band to reflect the slope of the Internet adoption model from decades ago, the...
"BTC's recent correction is due to excessive expectations around ETF approvals," said Matt Hougan, chief investment officer at crypto asset manager Bitwise, one of the issuers of the Bitcoin Spot ETF, on X (formerly Twitter). "Strictly speaking, this correction is not an ETF-driven selloff. Even...
Crypto analysts believe that the US Securities and Exchange Commission (SEC) is unlikely to approve an XRP spot ETF, Cointelegraph reports. They cite the fact that XRP does not have a futures ETF, unlike BTC and ETH, and that the SEC and Ripple are still in litigation. "Until the SEC recognizes...
According to Dailycoin, Crypto project teams selling tokens to fund operations is nothing new. However, it hardly ceases to spark concern. In the latest instance, a move from the Ethereum Foundation has sparked concerns about the formation of a local price top and the beginning of a price dump,...
"All BTC spot ETF issuers except Grayscale bought 86,320 BTC ($3.63 billion) at an average price of $42k," said crypto analyst and trader Ali Martinez via X. "These seasoned institutions bought BTC at the top. "It is unlikely that these sophisticated institutions bought BTC at the top. The timing...
According to CoinGlass, approximately $254 million worth of cryptocurrency futures positions were liquidated on major crypto futures exchanges as of 0:10 on the 23rd. Long positions accounted for the majority of the liquidation, with approximately $218 million liquidated, while short positions...
Crypto data provider Alternative's self-estimated "Fear-Greed Index" fell five points from the previous day to 50. The significant drop in sentiment has moved the index from greedy to neutral. The index indicates extreme fear in the market as it approaches zero, and extreme optimism as it...
According CoinDesk, Terraform Labs recently lost a case when a U.S. judge ruled that LUNA and MIR are securities, and is currently facing a class action lawsuit in Singapore. Terraform Labs Pte. has filed a voluntary petition in Delaware for Chapter 11 bankruptcy, according to documents filed on...
According to US tech media outlet Venturebeat, Animoca Brand Japan and its subsidiary DareWise Entertainment have entered into a partnership with Japanese automaker Honda. Under the agreement, the three companies will provide in-vehicle game content for the upcoming blockchain-based online game...
Outflows from the Grayscale Bitcoin (BTC) Trust (GBTC) may end in early April, according to an analysis. GBTC is a bitcoin spot exchange-traded fund (ETF) from asset manager Grayscale. "With about 551,000 GBTC remaining and a net outflow of about 10,000 GBTC per trading day so far, the outflow...