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Copies of several meme coins have popped across the board in a trend that’s likely to die out within weeks.
The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.
Still, bitcoin miners’ inventory sales climbed to a record as they took advantage of the cryptocurrency’s strong performance, the report said.
A bullish flag looks to be forming and would be completed on a breakout above $31,900, analysts at Fairlead Strategies said.
The bitcoin cash-Korean won (BCH/KRW) pair listed on Upbit has registered a trading volume of $557.63 million in the past 24 hours. That's nearly 3.5 times
It would be unusual for bitcoin to stay bullish when fiat liquidity measures are pointing lower, one portfolio manager said.
Shares in Coinbase, chosen as the market for the surveillance-sharing agreements in ETF applications, rose above $80 at around 11:30 ET on Monday.
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.
PLUS: Japan is a regulatory success story when it comes to digital assets and Web3. But walking around the recent IVS Crypto Conference in Kyoto, one can’t help but feel that something is amiss.
The rise in real yields is more of a headache to blue chip stocks than to markets like technology or crypto and will not disrupt the medium-term growth story, one observer said.
- 03:19Top 5 increase today: CHILLGUY's 24-hour increase is 1,017.00%Bitget market data, today's top 5 tokens in terms of increase are CHILLGUY, THE, NMT, OORT, PUFFER. Among them: CHILLGUY has increased by 1,017.00% in the last 24 hours and is currently priced at $0.5585; THE has increased by 137.17% in the last 24 hours and is currently priced at $3.1840; NMT has increased by 88.64% in the last 24 hours and is currently priced at $3.66585; OORT has increased by 70.51% in the last 24 hours and is currently priced at $0.16712; PUFFER has increased by 50.98% in the last 24 hours and is currently priced at $0.6332.
- 03:04Michael Saylor: MicroStrategy is a response to the credit default swap of over 100 trillion dollars in assets in the 20th centuryMicroStrategy founder Michael Saylor posted on platform X, stating that MicroStrategy is a response to the credit default swap of over 100 trillion dollars in assets from the 20th century. (Note: Credit Default Swap, also known as credit default interchange or credit derivative tool, is one of the main tools for off-exchange trading to mitigate credit risk. It can be seen as a kind of insurance against financial asset defaults.)
- 03:00Tether CEO: Tether's bulk commodity liquidity pool could reach 5 billion US dollars by 2026According to reports, after recently venturing into commodity lending, Tether CEO Paolo Ardoino stated that the liquidity pool reserved by Tether Investments for raw material trade financing could grow to between $3 billion and $5 billion by 2026. In an interview this week, he revealed that Tether Investments plans to provide capital loans to commodity brokers and earn interest from temporary financing. Ardoino said, "This is a way to provide partner liquidity for an industry that is always thirsty for liquidity," adding that Tether Investments has already started cooperating with some of the largest commodity traders in the industry. For privacy reasons, this Tether executive refused to disclose any names of trading companies. When asked about Tether's interest in commodities, Ardoino stated that it makes sense to facilitate transactions because USDT is particularly popular among users in emerging markets and developing countries where commodity sales are a major driver of the economy. He also expressed particular interest on behalf of Tether in helping finance oil, natural gas and gold trades.