Author: Max Bauer
Cryptocurrency exchange Coinbase announced that it will list Stader (SD) according to its official announcement.
U.S. government has transferred a portion of the Bitcoin seized from the infamous Silk Road marketplace. This recent transfer, amounting to $2 billion, marks the first such action in nearly four months. James Seyffart, a senior ETF analyst at Bloomberg, suggested that the transfer could be part of a reorganization effort to better manage and hold custody of the confiscated Bitcoins. The announcement came shortly after Coinbase revealed on July 2 that the U.S. Marshals Service (USMS), the U.S. Department of Justice’s asset forfeiture agency, had chosen Coinbase Prime to provide custody and advanced trading services for its large digital…
U.S. Government transferred 29,800 Bitcoin (BTC) valued at $2.02 billion to a new wallet just minutes ago. As of now, the U.S. Government holds a total of 179,155 BTC, amounting to approximately $12.14 billion. This impressive sum stems largely from assets seized by the Department of Justice (DOJ) in 2020. The Bitcoin was associated with the notorious Silk Road marketplace, and its seizure marked one of the most significant crypto confiscations to date. Following the seizure, the DOJ sought the official forfeiture of the cryptocurrency, which was valued at over $1 billion at the time. Despite fluctuations in Bitcoin’s market…
According to a new onchain information, the US government has moved $2 billion worth of Silk Road Bitcoins. The transfer by the US government was observed in the Arkham data as follows: The US still holds approximately $12.14 billion worth of Bitcoin.
BlackRock, the world’s largest asset manager, has made a significant announcement regarding its future investment strategies. Samara Cohen, the firm’s Chief Investment Officer of ETF and Index Investments, has stated that there will be no Solana Exchange-Traded Fund (ETF) in the near term. Cohen, who also serves as a Senior Managing Director and is a member of BlackRock’s Global Executive Committee (GEC), made this revelation during a recent Bloomberg interview. This is not intended as an investment advice.
Cryptocurrency market has seen a massive liquidation of $16.77 million in the past hour. The data, sourced from Coinglass, indicates that the majority of these were long orders. Long positions, which are bets that the price of an asset will rise, accounted for a staggering $16.03 million of the total liquidations. On the other hand, short positions, which are bets that the price will fall, were liquidated for $770,000. Breakdown of Liquidations The liquidations over different time periods are as follows:
In a recent report released by Bitfinex, the price of Bitcoin has seen a significant rebound, reaching $70,000 today. This marks a more than 30% increase from the low point on July 5, which was previously predicted to be the bottom. The upward momentum coincided with the Bitcoin 2024 conference. The Bitcoin options market initially experienced a surge in implied volatility, but this fell as traders reduced risk. With the large options expiration approaching this Friday, August 2, the market is expected to see consolidation and potentially even a small pullback. Despite the breakout of the overhead resistance, net selling…
In a recent article by Nick Timiraos, a well-known mouthpiece for the Federal Reserve, it was stated that Federal Reserve officials are unlikely to cut interest rates in the upcoming week. However, the ongoing developments in inflation and the labor market could prompt officials to signal a potential rate cut at the meeting in September. Federal Reserve Chairman Jerome Powell, known for his preference to act early, has been grappling with the dilemma of cutting interest rates prematurely versus delaying too long. This issue is expected to be addressed at the meeting scheduled for next week. Officials are hopeful for…
In a recent survey conducted by CoinGecko on the X platform, participants expressed varied expectations for the price of Ethereum (ETH) in the current cycle. The survey, titled “How high will ETH rise in this cycle,” revealed a wide range of predictions, reflecting the diverse opinions within the crypto community. The survey results, which are for reference only, showed that: The lack of consensus among participants might stem from the evolving narrative of Ethereum’s layer 1 into its broader ecosystem. As Ethereum continues to develop and expand, so too do the opinions and expectations of its potential value. The CoinGecko…
Compound Finance, a leading player in the decentralized finance (DeFi) space, has been hit with a governance attack amounting to $25 million. The attack, which appears to have gone unnoticed initially, has sent ripples through the cryptocurrency community. The attack was orchestrated on the governance protocol of Compound Finance, a system that is integral to the operation and decision-making processes within the platform. The details of the attack are still emerging, but it is clear that the magnitude of the breach is significant. A cryptocurrency whale, known by the pseudonym “Humpy”, is believed to be behind the attack. The identity…