Five US spot bitcoin ETFs, including Grayscale Investments' Bitcoin Trust ETF (GBTC), have surpassed $1 billion in assets, making it more difficult for other players in the market.
Genesis, a bankrupt crypto trading desk, has been granted permission to sell $1.6 billion worth of its Grayscale Bitcoin Trust (GBTC) shares, as part of its plan to repay creditors, despite objections from Digital Currency Group.
Bitcoin breaks $52k after over 2 years, Chainlink (LINK) and Stacks (STX) rally, whale accumulation suggests further upside for LINK, and crypto gaming project NuggetRush gains traction in its presale stages.
Standard Chartered's head of crypto research, Jeff Kendrick, is optimistic about the interest of pensioner funds in Bitcoin and Ethereum following the SEC's approval of spot Bitcoin exchange-traded funds (ETF), and he believes that the approval process for an Ethereum ETF will likely follow a similar pathway.
Bitcoin analyst Kevin Svenson maintains a bullish bias on Bitcoin, predicting a potential parabolic expansion phase after the upcoming halving event and expects the price to reach its peak between January 2025 and October 2025.
There is a 20% probability that Bitcoin's price will exceed $70,000 by the end of April, according to options data from decentralized marketplace Lyra Finance.
On Bitcoin options contract expiry day, the expiry of over 21,000 contracts with a notional value of $1.1 billion may push prices higher, especially as the $50,000 strike price remains significant, with a majority of bullish calls at that price.
Crypto analyst Altcoin Sherpa is bullish on Pyth Network (PYTH), setting Fibonacci extension targets of $0.6979 and $0.767, with the coin already surging nearly 85% since the beginning of the year.
Solana's GameStop meme coin (GME) has experienced a significant drop in value after a rapid increase, but it has made a surprise recovery in the past few hours, doubling in price in the last 18 hours alone.
ARK Invest, the asset management firm led by Bitcoin bull Cathie Wood, sold $34.3 million worth of Coinbase stock ahead of the crypto exchange's strong earnings report.
VanEck is reducing its sponsor fee for its Bitcoin ETF in response to competition in the market, lowering it from 0.25% to 0.20% starting on February 21.
Coinbase's fourth quarter report shows revenue of $953.8 million, beating expectations, and the rise of bitcoin investing is driving more interest in the digital asset, according to Cathie Wood, CEO and CIO of Ark Invest. Wood praises Coinbase as the most compliant exchange and expects the company to turn a full-year profit in 2024. She also believes that institutions will continue to push up the price of bitcoin as they allocate to the new asset class. Wood is supportive of Tesla's potential move to Texas and defends CEO Elon Musk's requests for more voting shares.
Online crypto casino Shuffle has outlined its plans to distribute SHFL tokens through a series of airdrops, with the first round going to users who have played in the casino since its launch, and subsequent rounds targeting wider distribution; the tokens can be used as stakes in casino games upon receipt.
Australian man Craig Steven Wright, who claims to be Satoshi Nakamoto, the creator of Bitcoin, has been subjected to intense cross-examination in a trial where he is being accused of fraud and misrepresenting facts, with many observers believing he has discredited himself with his inconsistencies and lack of knowledge of basic coding.
Crypto exchange Coinbase exceeded analyst expectations with $953.8 million in revenue in Q4, highlighting plans to focus on USDC stablecoin, Base blockchain, regulatory work, and the growing bull market.
Developers need to choose the right Blockchain for their needs and enable interoperability to maximize the benefits of various platforms, such as the Neon Em translator that connects Ethereum and Solana for asset transfer.
Cryptocurrency exchange Coinbase exceeded analyst estimates for fourth-quarter earnings and revenue, benefiting from soaring crypto prices and increased trading volume, driven by the approval of bitcoin ETFs. The company also reported positive adjusted EBITDA for 2023 and expects to generate substantial revenue in the first quarter of 2024.
Coinbase Global reported a profit in the fourth quarter due to increased transaction volumes and higher interest income from stablecoin reserves, leading to an 8% rise in the company's shares.
Coinbase Global has released its fourth quarter and full year 2023 shareholder letter, including financial results, on its Investor Relations website, with a question and answer session to discuss the results to be held later.
Bitcoin spiked to $52,000, surpassing traditional gold funds, as inflows into bitcoin funds continue to increase.
Senator Elizabeth Warren allegedly flew a flag above the U.S. Capitol to honor Satoshi Nakamoto, the pseudonymous creator of Bitcoin, sparking speculation about a change in her stance on cryptocurrency, although the authenticity of the rumor remains unconfirmed.
Google Labs has announced a major upgrade to its Gemini Pro AI tool, allowing it to process up to 1 million tokens, making it more powerful than OpenAI's GPT-4 model and setting a new benchmark for large language models.
The use of stablecoins tied to the US dollar in the crypto industry is actually strengthening the US currency's global role, according to Federal Reserve Gov. Christopher Waller, contradicting concerns about digital currencies destabilizing the US dollar. Waller noted that the vast majority of decentralized finance (DeFi) trading uses stablecoins, and any expansion of DeFi trading would further bolster the dominant position of the dollar. However, Waller also acknowledged the potential risks of a future shift from dollars to digital currencies.
Ronin, the Ethereum sidechain for blockchain games, will decrease RON token rewards for liquidity providers on its DEX in phases, aiming to prevent over-incentivization and achieve better token price equilibrium.
Bitcoin's price on Coinbase reached a 9-month high due to strong demand from U.S. investors, while the recent price rally primarily occurred during U.S. trading sessions.
MicroStrategy's potential inclusion in the S&P 500 index could have a positive impact on both the company and the Bitcoin market, potentially increasing Bitcoin exposure in portfolios.
Geeky and wealthy developers in Salt Lake City are embracing Apple's Vision Pro headsets, using them to work, play, socialize, and even eat together, providing a glimpse into Apple CEO Tim Cook's vision of a spatial computing era, with the majority of these individuals being independent tech workers in the crypto industry building products for the future of finance on the Solana blockchain.
The appetite for Bitcoin among big financial institutions is growing as more clients show interest in Bitcoin ETFs, with the performance of these ETFs being a historic success and attracting significant inflows, signaling potential for further adoption.
The crypto industry is optimistic that a spot ether exchange-traded fund (ETF) will receive approval from the Securities and Exchange Commission (SEC) in May 2024 following the success of spot bitcoin ETFs, with legal precedent and growing demand from Wall Street firms contributing to the positive sentiment; however, skeptics highlight concerns about the legal status of ether and its level of institutional support compared to bitcoin.
In the first season of Crypto: The Game, a Survivor-inspired experience in the crypto industry, a participant named MFL won by employing a wholesome approach, such as writing poems and being kind to others, rather than relying on conniving tactics or secret alliances.
Coinbase stock rises 5% as it prepares to report 2023 Q4 earnings, benefiting from Bitcoin's surge and its role as custodian for several Bitcoin ETFs.
Blueprint Finance, a crypto project, has secured $7.5 million in funding to address the liquidity problem in crypto through its Concrete Protocol, while Uphold's assisted self-custody wallet, Vault, has completed its beta phase with $33 million in assets traded; QuickNode now supports zkSync hyperchains for faster and scalable ZK technology; Lava, a Cosmos-based appchain, has raised $15 million for its modular data access layer for Web3; Injective has added mainnet support for Solana domain-name bridging, enhancing the cross-chain domain experience; and Helika, a data analytics provider, has raised $8 million in funding to enhance its AI-powered suite of products and services for gaming studios.
The recent approval of spot bitcoin ETFs in the US has led to $10 billion in assets under management and one-day inflows of $1 billion, raising questions about portfolio construction and the future approval of spot Ether ETFs; adding a small crypto allocation to a multi-asset portfolio can enhance returns without affecting the risk profile, and using smart-beta allocation methodologies can increase exposure to altcoins in a controlled manner; centralized and decentralized crypto earn products offer different mechanisms and benefits, with decentralized options often offering more innovation and flexibility; the yield sector is expected to continue growing, with standardized ETH staking rates and platforms enabling liquid restaking and exposure to specific rewards gaining popularity.
MicroStrategy, the largest corporate owner of Bitcoin, has seen its holdings surpass $10 billion and generate a profit of over $4 billion as the cryptocurrency's price nears $53,000.
Economist Alex Krüger believes that Solana (SOL) is undervalued compared to Ethereum (ETH) due to its livelier ecosystem and greater potential for retail risk-taking, pointing to its strong native community and innovative applications.
Ethereum's price reached a new yearly high of $2,825 and analysts predict it may reach $3,000 or even $3,400, with the possibility of a 30% increase as it breaks out from resistance levels. However, a close below $2,500 could lead to a significant drop in price.
JPMorgan upgrades Coinbase's stock to Neutral as Bitcoin climbs above $52,000, driving the crypto exchange's shares higher.
Bitcoin and Ether both saw gains as major economies slipped into recession, with analysts anticipating a bull cycle in the crypto markets due to impressive inflows into spot bitcoin exchange-traded funds (ETFs). Telefónica is partnering with Chainlink to provide security against Web3-related hacks and exploits.
Crypto exchange Coinbase reports strong Q4 results as bitcoin hits two-year highs and the company's stock continues to surge, with an upgrade from JPMorgan attributing the rise to surging cryptocurrency prices and improved spot bitcoin ETF flows.
LM Funding America, Inc. announces an increase in its Bitcoin holdings to approximately 126.8 BTC, valued at around $5.4 million, as of January 31, 2024.
Bitcoin could experience a significant market correction of up to 30% before the halving event in April, according to a well-known crypto analyst, but may go parabolic months after the event.
Telefónica and Chainlink are partnering to develop tools that use blockchain technology to protect against SIM swapping, a form of hack where scammers take control of a user's phone number to gain unauthorized access to accounts; the collaboration aims to enhance transaction security and address fraud detection in blockchain transactions.
Bitcoin has surpassed $50,000 per token and reached a trillion-dollar market cap for the first time since December 2021, with various investment options available including buying actual Bitcoin, Bitcoin-based ETFs, Bitcoin miners, and stocks with ties to the Bitcoin market.
Bybit, one of the world's top three crypto exchanges, has launched the "Wish Upon a Bitcoin" campaign, aiming to provide everyone with the opportunity to own Bitcoin and unlock financial dreams.
The Shiba Inu (SHIB) price is nearing a confluence of resistance levels, and a breakout above this resistance could lead to a 30% increase, while a breakdown below a certain level could cause a 20% fall.
U.S. cyber authorities are investigating a possible vulnerability in the Binance Trust Wallet iOS app that allows attackers to steal money by guessing security words known as mnemonics, according to the National Institute of Standards and Technology (NIST).
The analyst known as Bluntz predicts that the altcoin SEI could surge by 152%, based on its price action against Bitcoin, while also suggesting that Solana could increase by 30% based on its Bitcoin pair.
Bitcoin broke past $52,000, marking a 1.3% gain from yesterday and a 17% increase from last week, with growing open interest and liquidity signaling positive market sentiment, while Bitcoin ETFs are taking 10 times more Bitcoin off the market than what is being minted daily, potentially leading to a bullish price trend after the upcoming halving in April.
Bets on Solana's SOL token have reached a lifetime peak of $1.7 billion, with over 63% of positions being long, potentially leading to a long squeeze event, although the impact on the spot price may be limited as SOL's open interest only accounts for less than 5% of its market capitalization.
Ether's relative strength index (RSI) crossing above 70 suggests an uptrend acceleration, potentially catching up with Bitcoin and the broader market, driven by anticipation of Ethereum's Dencun upgrade and the introduction of spot ETFs.