The result could have a significant impact on Gemini and its stablecoin as MakerDAO’s reserve holds roughly 88% of total GUSD supply.
A Crypto Lesson From George Soros Amid Binance and Coinbase Accusations
Positioning and expectations explain why the Binance case drove prices down but markets rebounded after Coinbase.
Bitcoin Price ‘Throwback’ Suggests Potential For Rally to $37K: Valkyrie Investments
A throwback is a countertrend move where prices reverse direction and move back towards a breakout point, paving the way for a strong rally.
First Mover Americas: Bitcoin Traders Await Fed Decision
The latest price moves in bitcoin (BTC) and crypto markets in context for June 14, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Someone Flash Loaned $200M From MakerDAO to Make $3 Profit
An arbitrage bot flash loaned $200 million worth of the dai stablecoin from MakerDAO on Wednesday, making a $3.24 profit after transaction fees.
Bitcoin Supply on Exchanges Slides to Three-Year Low
Supply is likely dropping as traders and investors increasingly choose to self custody bitcoin holdings amid regulatory and exchange risks.
Fed Preview: Bitcoin Market Skews Bearish as Analysts Anticipate ‘Hawkish Rate-Hike Pause’
Options market shows a bias for puts, or bearish bets, tied to bitcoin ahead of the pivotal Fed meeting.
Binance CEO Hits Back at Rumors of Exchange Selling Bitcoin For BNB Coin
Crypto traders on Twitter are citing data that suggests bitcoin has been traded to keep BNB afloat.
First Mover Asia: Actually, Hong Kong Would Be a Terrible Home for Coinbase
Hong Kong’s rules for crypto would mean plenty of restrictions for Coinbase.
Bitcoin Seesaws Back Under $26K After CPI, as Investors Await Fed Rate Hike Decision
The U.S. central bank now seems increasingly likely to suspend its more than year-long campaign of interest rate hikes. An analyst flags recessionary concerns in a note to CoinDesk
Why Bitcoin’s resistance to retesting the $25K support could be futile
Bitcoin’s price continues to explore the lower regions of its trading range, but a drop to $25,000 seems nearly inevitable, according to derivatives data.
Bitcoin, Ether and Stablecoins Total 80% of $1T Crypto Market Cap as Investors Flee Altcoins
The combined market capitalization of BTC, ETH and stablecoins reached the highest since February 2021, digital asset research firm K33 Research noted.
Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021, according to Glassnode.
XRP Prices Jump as Hinman Speech Released in Ripple Labs Filing
Hinman suggested in his 2018 speech that bitcoin (BTC) and ether (ETH) were not securities, in his view.
First Mover Americas: eToro Delists 4 SEC Targeted Tokens for U.S. Customers
The latest price moves in bitcoin (BTC) and crypto markets in context for June 13, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
ChatGPT-Style Crypto App Sets AI Loose on Fed Rate-Bitcoin Price Relationship
The team behind Hong Kong-based Chain of Demand has built investment analytics engines for financial institutions and data providers like Bloomberg.
Bitcoin’s MACD Indicator Flips Bearish, Scares Crypto Twitter
MACD histogram is a technical indicator widely used to gauge trend strength and trend changes.
South Korean Crypto Yield Platform Haru Invest Pauses Withdrawals and Deposits
The firm blamed the pause on a “certain issue” with one of its service partners, and said it is working on a contingency plan, according to a blog update.
First Mover Asia: Binance’s Exchange Flow Flips Positive; Bitcoin Trades Flat
ALSO: The co-founder of crypto security firm De.Fi called the price stabilization of crypto assets that plummeted after SEC lawsuits against Binance and Coinbase “mean regression.”
Bitcoin Dithers Below $26K as Investors Eye CPI Data, FOMC Rate Hike Decision
The largest cryptocurrency held its perch where it spent much of the previous three days.