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Ether, ADA Lead Steep Crypto Slide Amid Dollar Strength

Some analysts said impending monetary tightening could add to a global rout across major asset classes such as equities and crypto.

By Shaurya MalwaSep 7, 2022

GMX tokens are serving as a proxy bet for Arbitrum investors. (Jason Briscoe/Unsplash)

Markets

Bitcoin Dips Below $19K, Hitting Lowest Point in Two Months

The price fell to $18,680 on Tuesday, a point not seen since late June.

By Jocelyn YangSep 6, 2022

Bitcoin price chart shows a big drop on Tuesday. (CoinDesk)

Markets

Ethereum Classic's Hashrate, Prices Surge as Miners Prepare for Post-Merge Reality

Futures tracking the tokens logged $27 million in liquidations in the past 24 hours – second only to ethereum and ahead of bitcoin futures.

By Shaurya MalwaSep 6, 2022

The Merge has pushed focus back to the lesser-used Ethereum Classic chain. (Donald Giannatti/Unsplash)

Markets

Traders Bet on GMX Tokens as Proxy for Ethereum Layer 2 Tool Arbitrum

The tokens have almost doubled in price during the past two weeks during a mostly flat market.

By Shaurya MalwaSep 6, 2022

Markets

First Mover Asia: Ethereum's Merge Starts to Hit Gaming Chip Prices

Prices for graphics processing units for personal computers are tumbling ahead of the Ethereum blockchain's upcoming shift, which is already reducing demand for chips from cryptocurrency miners.

By Sam Reynolds, Bradley KeounSep 5, 2022

GPU prices have taken a toll, and it's hitting Nvidia's bottom line. (FritzchensFritz/Creative Commons, modified by CoinDesk)

Markets

First Mover Americas: Bitcoin Languishes Below $20K as Energy Crisis in Europe Worsens

The latest price moves in crypto markets in context for Sept. 5, 2022.

By Lyllah Ledesma, Omkar GodboleSep 5, 2022

Bitcoin's future direction looks cloudy. (David Lucas via Metropolitan Museum of Art, modified by CoinDesk)

Markets

Bitcoin in Accumulation Phase Despite Macro Headwinds, On-Chain Data Indicate

The data suggest the long-term growth outlook for the oldest cryptocurrency remains bullish, analysts said.

By Shaurya MalwaSep 5, 2022

Zipmex is to release tokens to users' wallets in the next week after blocking customers from direct custody of their coins last month. (Jose Miguel/Pixabay)

Markets

Derivative Volumes of Ether Surpass Bitcoin Ahead of Merge; Here's Why

Traders are increasingly deploying two strategies that utilize futures ahead of the Ethereum Merge, leading to a surge in ether futures volumes.

By Shaurya MalwaSep 2, 2022

Crypto trading platform Talos announced three new hires to senior roles. (Nicholas Cappello/Unsplash)

Markets

Bitcoin Traders’ Outlook Is So Bleak That Some Analysts See a Buying Opportunity

Several BTC metrics are hovering at historic lows and crypto traders’ sentiment is overwhelmingly bleak. Some analysts argue that it’s time to make short-term contrarian bets.

By Krisztian SandorSep 1, 2022

Tech

DeFi Platform Synthetix's Founder Proposes Capping Token Supply at 300M; Here’s Why

The inflationary model helped bootstrap the Synthetix ecosystem and was no longer needed, founder Kain Warwick explained.

By Shaurya MalwaAug 26, 2022

The founder of popular decentralized finance (DeFi) platform Synthetix has proposed capping the supply of the native SNX tokens to 300 million. (Vicky Sim/Unsplash)