U.S. inflation has slowed, echoing the late 1974 peak that presaged a rebound in the S&P 500, a benchmark for risk assets, including cryptocurrencies.
Ethereum’s Impending Shanghai Upgrade Powers Lido DAO, SWISE, RPL Tokens Higher
Ethereum’s Shanghai upgrade is set to de-risk ether staking by allowing ETH withdrawals. That’s likely to pave the way for widespread adoption of liquid staking solutions.
OKX Unveils 2nd Proof-of-Reserves Report, Promises Monthly Publication
Users can now view and download the old and new reserve ratios and assess the exchange’s health and the safety of their assets.
Crypto Market May See Renewed Volatility as Whales Begin to Accumulate Bitcoin
Calm waters do not last long in bitcoin, so be prepared for a sharp move here shortly, one observer said, referring to the cryptocurrency’s ultra-low historical or realized price volatility.
Bitcoin Is Leading Indicator for S&P 500, Past Data Show
The cryptocurrency tends to bottom out weeks ahead of the S&P 500, research by Delphi Digital shows.
Waves Blockchain Founder Sasha Ivanov Promises USDN Revival Plan, New Stablecoin
USDN, the algorithmic stablecoin of the Waves ecosystem, fell as low as $0.53 early Tuesday.
Bitcoin Gains 2%, Stocks Drop as Bank of Japan Allows Benchmark Bond Yields to Rise
The BOJ unexpectedly lifted the cap on the 10-year Japanese government bond yield to 0.5% from 0.25%, finally ending the prolonged period of near-zero yields.
Crypto Options Market Has Become More ‘Interdealer’ Since FTX’s Blowup: Paradigm
Market makers’ share of crypto options trading volume settled through OTC tech platform Paradigm has increased as hedge funds, family offices and high-net worth individuals sit on the fence.
Bitcoin, Ether Slip as Audit Firm Mazars Pauses Work for Crypto Clients; S&P Futures Drop
Bitcoin outperformed ether and BNB as Mazar’s decision to suspend crypto audit work and Binance fears weighed over the crypto market.
Bitcoin Few Weeks Away From Its First Weekly Chart ‘Death Cross’
Bitcoin has never seen a death cross on its weekly chart before and the ominous-sounding indicator has a bad reputation of trapping sellers on the wrong side in traditional markets.
Perplexing Tranquility? Bitcoin’s Implied Volatility Hits Lowest Since October 2020
Bitcoin’s volatility will continue to drop as the economic backdrop improves and the market becomes resilient to the negative FTX headlines, one observer said.
Telegram’s No-SIM Signup Feature Helps Toncoin Rally, Bitcoin Also Higher
Telegram users can purchase blockchain-based identities by paying Toncoin and bypass the need to use a SIM card to apply for the service as previously required.
As Bitcoin, Stock Investors Cheer US Inflation Slowdown, One Macro Expert Calls for Caution
Slower inflation often portends a decline in corporate profitability, which is yet to be priced in by risk assets, Steno Research’s Andreas Steno Larsen said.
Binance CEO Changpeng ‘CZ’ Zhao Warns Staff of Turbulent Times Ahead: Bloomberg
“While we expect the next several months to be bumpy, we will get past this challenging period,” CZ said while assuring the organization is built to last.
Bitcoin Could Drop to $10K-$12K by Q1 2023, VanEck Says
Wave of miner bankruptcies could keep bitcoin under pressure in the first quarter of 2022, VanEck’s Matthew Sigel said, while forecasting a bull revival in the second half of the year.
Bitcoin Hits One-Month High Ahead of US Inflation Data
Bitcoin’s dominance rate rose above 41% alongside the price rally, signaling de-risking in the crypto market.
Cumberland Favors Bitcoin Option Trades to Profit From US CPI
Sell bitcoin June expiry calls and hedge the same with short-dated December expiry options, Cumberland said.
Tron’s USDD Stablecoin Falls to Under $0.97, Lowest Level Since June
The algorithmic decentralized stablecoin modeled after Terra’s now-defunct UST lost its dollar peg last month as the collapse of FTX dented investor confidence in digital assets.
FTX Revival Proposal Supported by Sam Bankman-Fried Lifts FTT Token
Sam Bankman-Fried came out in support of crypto influencer Ran Neuner’s FTX revival idea, sending the exchange’s battered FTT tokens higher.
Ether Breaks Trendline From Previous Bear Cycle Lows
The breakdown of the ascending trendline corresponding with previous bear market lows looks horrible, one portfolio manager said.