Trading


Markets

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.

(engin akyurt/Unsplash)

Markets

Record Drop in Ethereum Gas Fees Marks Historically Bullish Signal For ETH, Analyst Says

The fees represent a more than 95% drop from the 83.1 gwei levels in March, when the network saw a spike in activity.

Sign saying fee area ahead on a background of desert shrubland

Markets

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 (CoinDesk Indices)

Markets

Bitcoin Miner Capitulation and Record High Hashrate Point to Possible Price Bottom: CryptoQuant

Such expansion comes despite a recent drop in bitcoin (BTC) prices, indicating positive sentiment among miners after a bout of selling in the past few months.

Bitmain Antminer mining rigs (Christie Harkin/CoinDesk)

Markets

Hamster Kombat Says It Skipped VC Fund Offers, Bashes 'Exit Liquidity' Behavior

The wildly popular Telegram game has apparently amassed millions of users since its April release.

(Hamster Combat)

Markets

Bitcoin Nears $58K as Market Slides Ahead of Busy Data Week

Crypto markets lack a clear anchor and are susceptible to continued position adjustments based on traditional finance markets, one analyst said.

Quick slide in crypto prices on Friday (Karsten Winegeart/Unsplash)

Markets

Bitcoin Bulls Revisit $100K Year-End Target as BTC Spikes Over $62K

“Regardless of the next 60 days, the bull market will continue along traditional four-year cycle lines with solid gains in October and November,” one trader said.

Archery Target (Shutterstock)

Policy

FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge

The order doesn't include civil penalties but bans FTX and its sister concern, Alameda, formerly a heavyweight crypto market maker, from trading digital assets and acting as intermediaries in the market.

Sam Bankman-Fried (Danny Nelson/CoinDesk)

Finance

Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing

The bank becomes one of several offering bitcoin and ether ETFs to Hong Kong customers despite relatively low demand.

Hong Kong harbor skyline view into Kowloon

Markets

Wallets Tied to $4B PlusToken China Ponzi Move 2.8K Ether

In November 2020, Chinese authorities seized almost $4 billion worth of various tokens.

(chinahbzyg/Shutterstock)