If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies.
Millions in Polygon’s MATIC Tokens Were Sent to Binance and Coinbase Ahead of 30% Slide, Data Shows
“Altcoins can crash this weekend even more as trading volumes are thin and market makers such as Binance have become less active,” one crypto firm warned.
SOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations
Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders.
SEC Clampdown Spurs $4B Deposit Flight From Binance, Coinbase and Binance.US
The exchanges, targeted by the SEC for violating federal securities laws, have endured a significant wave of user withdrawals but managed to process transactions in an orderly fashion so far.
Binance’s BNB Token Saw Millions in Sell Orders Right Before SEC Lawsuits
In trading, timing is everything and it appears that some traders put in well-timed sell orders for BNB, ahead of the massive SEC crackdown against crypto exchange Binance on June 5.
Price analysis 6/9: BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC, LTC, DOT
Stock markets are showing strength, and selling by crypto traders has taken a pause. Is this a sign that Bitcoin and altcoins are about to reverse course?
Ether Options Market Makers Are ‘Long Gamma’ at $1.8K
Traders said market makers are holding options with a $1,800 strike price and are likely to influence prices as they try to keep their portfolios direction-neutral.
Robinhood Ends Support for Some Tokens Named in SEC Lawsuit as Securities
The popular trading platform will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) on June 27th.
First Mover Americas: Binance.US Suspends Dollar Deposits
The latest price moves in bitcoin (BTC) and crypto markets in context for June 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Bitcoin Trades at Narrow Discount on Binance.US
News of a possible halt in U.S. dollar withdrawals sparked an increase in bitcoin trading as customers looked to remove their assets from the exchange, one observer said.
Crypto Exchange OKX Burns $258M of OKB Tokens in Record Move
OKX periodically buys back and burns the tokens to gradually reduce their supply on the open market.
Vitalik Buterin’s Shiba Inu Donations to Power New Round of India Covid Relief Funds
Buterin said the new donation would work toward reducing the long-term impact of coronavirus.
Binance.US Suspends Use of Fiat as Legal Troubles Mount
The exchange says users should withdraw USD as soon as possible as the Securities and Exchange Commission engages in “extremely aggressive and intimidating tactics” against the company.
First Mover Asia: Bitcoin Remains Resilient Near $26.5K, Despite Ongoing Binance, Coinbase Fallout
ALSO: Valkyrie’s chief investment officer expects the U.S. central bank to suspend its nearly year-long diet of interest rate increases. That might please digital and other asset markets, but Steven McClurg said that the monetary dovishness is unlikely to continue later this year.
Bitcoin price races toward $27K, but a swift recovery is not confirmed by market data
BTC’s price recovered quickly from this week’s swing low, but derivatives data hints that a challenging road lies ahead.
Bitcoin rebound falters amid SEC crackdown on exchanges, raising chance of a BTC price capitulation
Regulatory concerns continue to impact the entire crypto market, and this week’s BTC options expiry could play a decisive role in pushing the Bitcoin price under $26,000.
Coinbase Shares Are ‘Uninvestable’ in the Near Term: Berenberg
The investment bank cut its price target on the stock to $39 from $55.
Crypto.com Integrates With CoinRoutes Smart-Order Routing System
The integration is part of CoinRoutes’ bid to expand liquidity access for its clients.
First Mover Americas: SEC-Targeted Tokens Tumble
The latest price moves in bitcoin (BTC) and crypto markets in context for June 8, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
DeFi Protocol Curve Finance Now Lets Users Mint crvUSD for Staked Ether
The governance proposal for the crvUSD minting was passed early on Thursday.