Recent data reveals a significant uptick in open interest for bitcoin futures and options across various trading platforms in recent weeks. On Monday, insights from QCP Capital indicated a notable interest in long-term September and December bitcoin calls, aiming for the lofty six-figure price brackets. Confidence Soars With Bets on Bitcoin Exceeding $100K Just last …
Monthly archives: March 2024
Solana’s Decentralized Exchange Platforms Eclipse Ethereum in Daily Trading Volume, Surpassing $2.8 Billion
This week, SOL’s value has seen a significant increase, elevating its decentralized exchange (dex) platforms and propelling the layer one (L1) blockchain to a leading position in 24-hour dex trading volume. Solana’s dex platforms have amassed $2.802 billion in trade volume over the past day, outperforming Ethereum’s dex platforms, which have recorded $2.03 billion in …
Bitcoin Could Be Making a Sprint for $160,000 Based on These Indicators, According to Crypto Analyst
A popular crypto analyst says technical indicators are suggesting that Bitcoin (BTC) is in the middle of a rapid ascent to the $160,000 mark. Pseudonymous analyst TechDev tells his 439,000 followers on the social media platform X that he’s watching Bitcoin’s relative strength index (RSI) and its Fibonacci extension levels on the monthly timeframe. The …
Investment Giant Standard Chartered Raises 2025 Bitcoin Price Target to $150,000: Report
Analysts at British multinational banking giant Standard Chartered are raising their 2025 Bitcoin (BTC) price forecast by a sizeable 50%. Analyst Geoff Kendrick says in a new note to investors that given the unexpected success of the Bitcoin exchange-traded funds (ETFs) launched in January, a more optimistic price expectation for BTC is warranted, reports CNBC. …
Coffee Giant Starbucks Announces Shutdown of NFT Rewards Program
Starbucks is shutting down its loyalty program that rewards participants with non-fungible tokens (NFTs) minted on the Polygon (MATIC) blockchain. The world’s largest coffeehouse chain rolled out the Starbucks Odyssey program for beta testing in December 2022. Members complete themed activities to earn NFTs called “Journey Stamps” and bonus points to access benefits and interactive …
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Crypto ETFs Break New Record With $2,900,000,000 Tidal Wave of Inflows in One Week: CoinShares
Digital assets manager CoinShares says institutions poured in a new weekly record of $2.9 billion into crypto investment products last week in the seventh consecutive week of inflows. In its latest Digital Asset Fund Flows report, CoinShares says that year-to-date inflows for crypto investment products have also reached a new record mark. “Digital asset investment products …
Solana Memecoin Skyrockets to $620,000,000 Market Cap Hours After Launch Amid Multiple Exchange Listings
A new Solana (SOL)-based memecoin has soared to more than a $620 million market cap shortly after launching and securing listings on multiple crypto exchanges. Slerf (SLERF), a new sloth-themed memecoin, is now trading on at least four crypto exchanges as of Monday. MEXC added Slerf to its “assessment zone,” which is reserved for low-cap …
Liquid Mercury To Power Laser Digital’s Single Dealer Platform for Crypto
March 18, 2024 – Chicago, United States Liquid Mercury’s automated OTC trading solution will allow Laser Digital to quickly grow market share in the institutional liquidity provision segment. Liquid Mercury, a leading crypto trading technology provider, announced today that it is providing an OTC trading platform solution to Laser Digital, Nomura’s pioneering digital asset subsidiary. …
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Alleged $300,000,000 Crypto Ponzi Scheme in Texas Targeted by SEC As 17 Individuals Face Charges
US authorities have charged 17 people for their alleged involvement in a multi-million-dollar crypto Ponzi scheme. In a new press release, the U.S. Securities and Exchange Commission (SEC) says it is charging 17 individuals with operating a crypto scheme that targeted 40,000 investors across three countries. According to the regulatory agency, Texas-based firm CryptoFX allegedly …
Record $13.2 billion YTD inflow into digital assets eclipses 2021 total
Last week, digital asset investment products experienced a $2.9 billion net flow, marking two consecutive weeks of record-breaking inflows, according to CoinShares’ latest weekly report. This achievement propelled digital asset products to a new annual net flow record of $13.2 billion, exceeding the entire inflow for the 2021 bull run, which stood at $10.6 billion. …
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Why Standard Chartered reviewed its Bitcoin price forecast to $150,000
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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USDM emerges as Cardano inaugural fiat-anchored stablecoin in a buoyant market
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of 20,000 ACS If you don’t …
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Solana establishes new all-time high against Ethereum with robust DEX trading activity
Solana’s SOL has surged to a new all-time high of 0.05797 against Ethereum, according to Tradingview data. This price performance follows its recent surge above the $200 mark for the first time since November 2021, coinciding with the blockchain record-breaking network activity. The price uptick has propelled Solana’s market capitalization to an unprecedented high of …
I was wrong. Why I changed my opinion on Bitcoin in 2024.
If you’re a keen reader of CryptoSlate, you may have noticed that our editorial style avoids referring to Bitcoin as ‘crypto.’ This isn’t accidental, and the choice was not pedantic. We believe that Bitcoin stands apart from other digital assets we traditionally classify under the broad term ‘crypto.’ I stand behind this vision; however, it …
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Predicting Bitcoin’s Bull Run Values: Plan B’s S2F Model and Ledn CIO’s $92,000 Target
As bitcoin hovers around the $67,000 mark on March 18, 2024, there’s still widespread speculation about the potential for its price to climb even higher. The analyst Plan B continues to shed light on his well-known stock-to-flow (S2F) model, which suggests that “exponential growth” is expected to “continue.” Plan B: ‘S2F = Exponential Growth’ The …