Analysis


Policy

Binance Feels Strain of World’s Regulators Leaping Into Action

This week’s Australian probe, which sought out Binance employees outside the office, is only one of a growing list of legal entanglements facing the world’s biggest crypto exchange.

Binance CEO Changpeng “CZ” Zhao (CoinDesk, modified by PhotoMosh)

Markets

FOMC Minutes Show Uncertainty, Cautious Optimism. Large Bitcoin Investors Are Taking Divergent Paths

The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.

(Tom Parsons/Unsplash)

Markets

Bitcoin Remains Range-Bound, Despite Bullish Sentiment

Bitcoin prices have paused with support at $30,000

(Getty)

Tech

Chainlink ‘Proof of Reserve’ Proves Little Beyond Data Going In, Coming Out

Projects like TrueUSD and Paxos are turning to Chainlink to give users transparency into their reserves, but their numbers remain difficult to verify.

Chainlink CEO Sergey Nazarov (Chainlink Labs)

Markets

Bitcoin May Be Forming a 'Bull Flag' on Price Chart: Technical Analysis

A bullish flag looks to be forming and would be completed on a breakout above $31,900, analysts at Fairlead Strategies said.

Bitcoin may be forming a "bull flag" (CoinDesk/Highcharts.com)

Markets

Crypto Traders Cautious on Bitcoin as Fiat Liquidity Measures Point Lower

It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.

Water, tap (Arcaion/Pixabay)

Markets

A $10M Options Bet on Ether Shows Positioning for a Bullish Second Half

A large ether bull call spread crossed the tape Friday, according to Amberdata. The trade involved December call options with strike prices at $1,900 and $2,500.

(472301/Pixabay)

Policy

The Crypto Industry’s New Favorite Punching Bag – Prometheum – Asks for a Chance

Its SEC-praising co-CEO insists he’s pro-crypto and just needs a little time to prove his company can trade digital assets, even if the token issuers would rather it didn’t.

Prometheum founder and co-CEO Aaron Kaplan went on CoinDesk TV to discuss is Financial Industry Regulatory Authority (FINRA) broker-dealer license approval. (CoinDesk)

Markets

Bitcoin, Ether Hold Steady as Investors Shrug Off Upbeat Economic Data, Rekindled Inflationary Concerns

Risk markets appear to have already priced in rate hikes, and remained largely unstirred by today’s unexpectedly strong economic data.

Bitcoin and other major cryptocurrencies have been riding along relatively flat terrain.  (Marianna Lutkova/Unsplash)

Web3

Azuki ‘Elementals’ Mint Mishap Highlights the Fragile State of the NFT Market

From troubled mint mechanics to recycled artwork, Azuki’s latest NFT mint shows that even blue-chip projects are struggling to grow during a challenging bear market.

Azuki Elementals (Azuki.com)