Markets
BlackRock’s ETHA Becomes First Ethereum ETF to Cross $1B in Net Inflows
ETHA holds over $860 million in net assets. Only Grayscale’s mini ether trust (ETH) and Ethereum trust (ETHE) have more. Its net inflows are more than the next three highest ETF inflows combined.
Bitcoin Bear Trap? Goldman Says Wednesday's U.S. Jobs Report Is Likely to Overstate Weakness
On Wednesday, the Bureau of Labor statistics will publish a preliminary estimate of the benchmark revision to the level of monthly nonfarm payrolls from April 2023 to March 2024.
Mt. Gox Moves $700M in Bitcoin, BTC Unmoved at $59K
According to Galaxy's Alex Thorn expects only 1,265 BTC, woth over $70 million, may be offloaded in the market.
U.S. Leading Economic Indicators Continue to Fall, No Longer Signal Recession
The U.S. recession fears were partly responsible for the early August slide in stocks and cryptocurrencies.
U.S. Elections-Linked Bitcoin Options Draw Nearly $350M in Open Interest
Distribution of open interest shows bullish sentiment, according to Wintermute.
Attention Bitcoin Traders, the Japanese Yen Is Strengthening Again
A similar yen outperformance early this month triggered carry unwind and rocked risk assets, including cryptocurrencies.
Trump's Election Odds Are Not The Dominant Driver of Bitcoin's Price, Data Show
Many crosscurrents influencing prices, such as U.S. monetary policy expectations and supply overhangs, might be responsible for the weak correlation between election odds and BTC prices.
Bitcoin, Ether Held in BlackRock ETFs Cross Those of Grayscale’s for the First Time
Recent flows show GBTC experiencing outflows, while BlackRock's ETHA saw inflows, contributing to this shift.
Bitcoin Drops to $58K After U.S. CPI Print, BTC ETFs Record $81M Outflow
Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up.
Bitcoin Price May Turn Lower as Crypto Exchanges See $1B USDT Withdrawal: IntoTheBlock
The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin's price.
