Around 2 million ETH was staked when prices were in the range of $400-$600. These stakes are are some of the strongest Ethereum believers, according to Binance Research.
Bitcoin Primed to Rally to $56K as Nasdaq Breaks Out of Bull Flag, Chart Analyst Says
Analyst, who correctly predicted the late 2020 bull run, said 2023 could be a surprisingly good year for both crypto and equities.
Explaining the Disconnect Between Bitcoin and Treasury Yields Post US Inflation Data
Bitcoin and technology stocks rose Tuesday even as hotter-than-expected U.S. inflation revived Fed angst and lifted Treasury yields.
Investors Rush to Tether as Paxos’ BUSD Faces Regulatory Heat, Curve Liquidity Pools Show
Investors are fleeing the Paxos-issued stablecoin even though the firm gave assurances it is fully backed and will be wound down in an orderly manner, one observer said.
Stablecoin Lender Liquity’s LQTY Token Surges 45% as New York Regulator Goes After Paxos’ BUSD
Traders look more closely at decentralised censorship-resistant stablecoin lending protocols like Liquity in the wake of regulatory action on Paxos’ centralized dollar-pegged cryptocurrency BUSD.
BUSD Depegs From Rival Stablecoin Tether After US Regulator Tells Paxos to Stop Minting New Tokens
Traders seem to be migrating from Paxos’ BUSD stablecoin to tether.
Correlation Between Crypto Market and Nasdaq Turns Positive Ahead of US CPI Release
Observers expect Tuesday’s U.S. CPI report to show continued disinflation in the world’s largest economy.
Bitcoin Market Sentiment Is Most Bullish in 14 Months With U.S. Jobs Report Due
The cost of holding a bullish long position in perpetual futures tied to bitcoin has jumped to the highest since the dizzy bull market days of late 2021.
OP Token Surges 25% as Optimism Foundation Proposes ‘Bedrock’ Upgrade
Layer 2 scaling solution Optimism’s governance token, OP, has chalked up a 200% rally in four weeks, outperforming market leaders bitcoin and ether by a big margin.
Bitcoin, S&P 500 Close In on Bullish ‘Golden Cross’ Signal
In the past, bitcoin’s big rallies have started with a golden cross, but not all golden crosses have led to a big rally.
Bitcoin and Hang Seng’s Stalled Rally Might Mean Wider De-Risking Ahead, TradFi Firm Says
Failures in BTC and Hang Seng are technical warnings signs that these early 2022 halcyon vibes may not last all year, one observer said.
Bitcoin UTXOs Older Than 5 Years Surged During Bear Market
UTXO or unspent transaction output is the amount of bitcoin someone is left with after executing a transaction.
Fed Preview: Powell to Trigger ‘Healthy Pullback’ in Bitcoin, Experts Say
Financial conditions have loosened to a point where Powell may detail the extent of easing is unwarranted, one observer said, warning of a pullback in risk assets.
Stablecoins Seem Unattractive as the Gap Between 3pool’s APY and Treasury Yields Widens
The annualized percentage yield from providing stablecoin liquidity on Curve’s 3pool, also known as DeFi’s savings bank account, is nearly 250 basis points less than the yield on the 10-year U.S. Treasury note.
Deflationary Ether Is Underperforming Bitcoin, Here are 3 Reasons Why
While bitcoin has gained nearly 43% this month, ether has appreciated by 36%. Analysts said traders are worried that large amount of ether will be offloaded into the market post-Shanghai upgrade.
Jihan Wu’s Matrixport Cuts 10% of Staff
At press time, Matrixport had more than 290 employees serving customers in 40 countries.
Bitcoin on Track for Best January Since 2013, Led by Bullish Trading in US Hours
Bitcoin has rallied almost 40% since Jan. 1, on track for its best opening to a year since 2013, when it surged 51%.
Crypto Exchange BIT Expands Product Suit With Toncoin Options
The decision to introduce the options suggests growing investor interest in derivatives tied to alternative cryptocurrencies. TON is the native cryptocurrency of the decentralized layer 1 blockchain The Open Network.
Bitcoin’s Upswing Is Reminiscent of 2019 Bull Revival
The action four years ago coincided with the Fed taking its foot off the tightening pedal. Bitcoin has rallied almost 40% in January and the Fed plans slower rate increases in coming months.
Bitcoin’s Weekly Options Trading Volume Rises to Highest Since FTX’s Meltdown
The uptick in bitcoin options volume is mainly driven by an increased demand for call options or bullish bets.