Trending stories in cryptocurrency. The most talked-about topics, viral developments, and breaking news shaping the crypto industry.
Coinbase reported its Q1 earnings, according to CNBC. During the period, Coinbase reported revenue of $1.64 billion, beating estimates ($1.34 billion). This is a significant increase from the year-ago quarter ($7.7 billion). “Coinbase shares have surged about fivefold in the past year, and are up...
BTC Wallet Net Outflows Increase...Selling Pressure Continues. “Looking at the trend of Bitcoin accumulation by wallet holdings, net outflows continued throughout April,” on-chain analytics firm Glassnode said in an official X report. Overall, this suggests that sell-side pressure is continuing.”...
As the U.S. central bank (Fed) kept its benchmark interest rate unchanged for the sixth consecutive month on Jan. 1 (local time), bitcoin fell to $55K per unit for the first time in more than two months. Bitcoin has been on a downward spiral despite good news like the halving and Hong Kong's...
The cryptocurrency market attempted to rebound as it digested the results of the Federal Reserve's monetary policy meeting in New York City on the 1st, but it proved to be insufficient and retreated back to pre-rebound levels. Bitcoin briefly regained $59,000 and Ethereum $3,000, but failed to...
Eddy Lazzarin, chief technology officer at US venture capital firm Andresson Horowitz, has likened the current meme coin craze to a “dangerous casino,” according to blockchain news outlet Cointelegraph. “Memecoin looks like a risky casino at best,” Lazzarin said, criticizing it as a distraction...
Bitcoin's Runes accounted for 81% of all transactions on the Bitcoin network on March 23, according to DeCrypt, citing data from Dune Analytics. According to the data, regular Bitcoin transactions accounted for 19% of the total, while BRC-20 tokens and Audience accounted for 0.2% and 0.1%,...
Bloomberg reported on April 24 that “a growing number of crypto hedge funds are taking an interest in memecoin.” “The hedge fund industry has been mesmerized by memecoin's stunning returns. Dogwifhat's (WIF) more than 300-fold rally has attracted the attention of hedge funds,” Bloomberg added. In...
“The crypto market has survived the halving and the US tax deadline, and the bull run is here to stay,” Arthur Hayes, co-founder of global cryptocurrency exchange BitMEX, wrote on his blog. “2024 is an important year for many countries with presidential elections. In the U.S., government spending...
Investors from mainland China are unlikely to be able to invest in Hong Kong's Bitcoin (BTC) spot exchange traded fund (ETF), Bloomberg Intelligence analysts report. China has one of the world's most restrictive stances on cryptocurrencies after banning token trading and mining in the country in...
U.S. Federal Reserve (Fed) Chairman Jerome Powell has finally turned from a "dovish" (favoring monetary easing) to a "hawkish" (favoring monetary tightening). He said on Saturday (local time) that inflation came in higher than expected for the third consecutive month earlier this year, citing a...
"Hong Kong's approval of a crypto spot ETF is another channel to unlock pent-up investment demand," said Jamie Coutts, crypto market analyst at Bloomberg Intelligence. "Hong Kong's crypto spot ETFs account for 0.18% of total crypto assets under management. Stocks and real estate are the worst...
"Stablecoins will become legal in the U.S. as BlackRock and Wall Street private banks get more involved in the market," Ryan Sean Adams, a prominent cryptocurrency investor, told X. "The U.S. has no political will to create a CBDC. "The U.S. does not have the political will to create a central...