A widely followed analyst is expressing bullish sentiment on Bitcoin (BTC) days after the flagship cryptocurrency fell to a six-month low. The analyst pseudonymously known as Rekt Capital tells his 487,400 followers on the social media platform X that Bitcoin is “still on track for a September breakout.” To achieve that, trader says that Bitcoin …
Monthly archives: August 2024
BlackRock and Nasdaq Submit Proposal for Spot Ethereum ETF Options
Leading asset management BlackRock and global stock exchange Nasdaq submitted a proposal to introduce options for the iShares Ethereum Trust (ETHA), BlackRock’s flagship spot Ethereum product. BlackRock plans to create financial contracts that give investors the right to buy or sell shares of the ETF at a specific price in the future. The options, if …
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Defunct FTX and Alameda banned from crypto trading in $12.7 billion CFTC settlement
US District Judge Peter Castel has approved a $12.7 billion settlement in a case involving the US Commodity Futures Trading Commission (CFTC), the bankrupt FTX exchange, and its affiliate, Alameda Research, according to a court filing dated Aug. 7. Judge Castel’s ruling mandates that FTX and Alameda must pay $8.7 billion in restitution to investors …
Rise in Bitcoin OTC desk balance hits 328,000 BTC, highest since June 2022
Quick Take According to recent data from CryptoQuant, the balance of Bitcoin on over-the-counter (OTC) desks has surged, reaching 328,000 BTC—the highest level since June 2022. This rise follows a brief period of stagnation in early July, where the balance hovered around 300,000 BTC. In the past week alone, the balance has increased by approximately …
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SEC seeks public input on NYSE proposal for Ethereum ETF options
The US Securities and Exchange Commission (SEC) is inviting public comments on a proposal from New York Stock Exchange (NYSE) American LLC to list and trade options on Bitwise and Grayscale‘s spot Ethereum exchange-traded funds (ETFs), according to an Aug. 7 filing. The SEC stated: “The Exchange proposes to amend Rule 915 to permit the …
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BlackRock’s IBIT spearheads Bitcoin ETF inflows with $52.5 million inflow
Quick Take Bitcoin Farside data shows that the Bitcoin (BTC) exchange-traded funds (ETFs) experienced an inflow of $45.1 million on Aug. 7—the first since Aug. 1st. This surge was primarily driven by BlackRock’s IBIT, which saw an impressive $52.5 million inflow, bringing its total net inflows to $20.2 billion. Additionally, WisdomTree’s BTCW reported a $10.5 …
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Bitcoin price decouples from Trump as Harris takes lead on Polymarket
For the first time since Harris’ nomination, the Bitcoin price has decoupled from former President Donald Trump’s chances of winning the 2024 election on Polymarket. Trump has been leading on the crypto native prediction market Polymarket since April, with odds reaching as high as 72% shortly after the assassination attempt on his life. However, his …
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Mutiny to Cease Operations Amid Technical Challenges in Bitcoin Lightning Wallet Development
Mutiny Wallet has announced that it will be shutting down its operations by the end of 2024 due to significant technical challenges in Bitcoin Lightning wallet development. The company is exploring alternative products and has decided to wind down the wallet as it becomes increasingly complex to maintain. Users will still have the option to …
Bitgo Secures Major Payment Institution License in Singapore
Bitgo, a provider of digital asset solutions, has obtained the Major Payment Institution License from the Monetary Authority of Singapore (MAS). This follows an in-principle approval received several months ago. With this license, Bitgo can now offer regulated digital payment token services in Singapore, including secure custody and trading solutions. CEO Mike Belshe highlighted Singapore’s …
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Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September
Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market …
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TradFi Institutions To Announce They’ve Acquired Bitcoin, Predicts CryptoQuant CEO
CryptoQuant chief executive Ki Young Ju thinks “something is happening behind the scenes” as permanent holder addresses gobble up Bitcoin (BTC). Young Ju tells his 360,800 followers on the social media platform X that 404,448 Bitcoin have moved to permanent holder addresses over the past 30 days, a clear sign of accumulation. “Within a year, …
Messari and CryptoRank Research Highlight TRON’s Surging Onchain Activity
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Geneva, Switzerland – August 7, 2024 – Messari, a leading provider of digital asset markets intelligence products, and CryptoRank, a leading crypto industry research & analytics platform, have released research reports highlighting the TRON network’s significant …
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Bitcoin volatility slashes unrealized profits, STHs hit the hardest
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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Democrats launch ‘Crypto for Harris’ campaign to challenge Trump’s growing support
Democrats have launched a new advocacy group called “Crypto for Harris” to counter former President Donald Trump’s growing influence within the industry, Fox Business reported on Aug. 7. As the 2024 presidential race heats up, the initiative highlights the high stakes for securing crypto voters, whom many believe have the potential to shape the outcome …
Zimbabwe to Unveil De-Dollarization Roadmap, Says Government Official
The Zimbabwean Cabinet has approved a de-dollarization roadmap outlining “modalities to operationalize the Zig currency as legal tender for use in the economy.” Zimbabwean officials have set early 2026 as the new deadline for making the Zig the country’s sole currency. The central bank is expected to strengthen the mandatory licensing requirements, which compel business …
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