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Coinbase Says Miners’ Sales of Newly Minted Bitcoins Don’t Add Significant Market Pressure
In times of market upheaval and a falling bitcoin price, margins compress across the board, and force more miners to become net sellers, the note said. Given the price drop and the resulting loss of profitability, the financing…
Singapore’s Monetary Authority Finally Notices Three Arrows’ Capital AUM Discrepancy; Bitcoin Holds…
"Bitcoin price action remains weak, with some volatility seen on both sides, which is typical in pauses between trend continuations," Joe DiPasquale, CEO of crypto asset manager BitBull Capital, wrote in an email to CoinDesk. "Currently,…
Bitcoin, Ether Futures Rack up Nearly $200M in Liquidations on Short Squeeze
On Thursday, bitcoin dipped under $20,000 amid a broader fall in Eurasian markets, recovered over that level and then fell to as low as $18,650 in U.S. evening hours. A short squeeze then saw bitcoin touch over $20,900 in early Asian…
Bank of America Customers’ Crypto Activity Slowed as Market Slid
For the one-third of customers who were conducting crypto transactions, the data shows they had only a single transaction, generally for a smaller amount. They account for only 5% of the dollar value of crypto transactions. A…
First Mover Americas: It’s Ugly in Crypto With $200M of Margin Calls, Founders Selling Homes and…
The latest price moves in bitcoin ($BTC) and crypto markets in context, for July 1, 2022. Source link
Futuros de bitcoin y ether acumulan casi $200M en liquidaciones por estrangulamiento de posiciones…
La volatilidad de los precios resurgió a medida que se renovaron los signos de recesión inminentes entre los inversores, dijo un analista. Source link
Three Arrows Paper Trail Leads to Trading Desk Obscured Via Offshore Entities
While Three Arrows Capital used its tens of billions of dollars of assets under management to invest in new projects and take large market positions, it also operated an over-the-counter trading desk called Tai Ping Shan (TPS) Capital.…
Grayscale ‘GBTC Discount’ Widens After SEC Bitcoin ETF Rejection
The widening in the discount is seen as a sign of waning optimism for a conversion anytime soon – the opposite of what was happening last week, when some investors were buying GBTC, betting on the fund's chances, said Pablo Jodar,…
What Traders Are Saying About Bitcoin's Biggest Monthly Loss in 11 Years
Poor macroeconomic sentiment, fears of inflation, and systemic risks from the crypto market pushed bitcoin below 2017’s highs. Source link
Experts explain how music NFTs will enhance the connection between creators and fans
According to Mike Darlington, the CEO of Monstercat, an electronic music platform, and Jake Udell, the founder of social NFT platform Metalink, bear markets are a time to ideate and build new products. During this week's episode of NFT…
