Category: Finance

Crypto markets have started to recover over the weekend with a total capitalization gain of around 4%, primarily led by Bitcoin, which reclaimed the $63,000 level during Asian trading on Monday morning. This short week’s economic calendar does not have many big-hitting reports but could still shed light on the direction of economic recovery in…

Alex Thorn, Head of Research at Galaxy Digital, recently provided an analysis on the filings for spot Solana Exchange Traded Products (ETPs) by investment firms VanEck and 21Shares. These filings, made with the US Securities and Exchange Commission (SEC) on June 28, represent an aggressive move to integrate Solana (SOL) into the structured framework of…

On June 26th, the US government sent 3,940 Bitcoin to Coinbase Prime, Coinbase’s institutional trading platform. Blockchain analytics firm Arkham Intelligence flagged the transaction. JUST IN: 🇺🇸 US Government sends 3,940 #Bitcoin worth $241 million to Coinbase 👀 pic.twitter.com/m14HpdeJ0s — Bitcoin Magazine (@BitcoinMagazine) June 26, 2024 The transferred Bitcoin was originally confiscated from convicted drug…

This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum fell by 3% this week, and buyers appear to struggle to defend the key support at $3,500. So far, they have managed to prevent a breakdown. If sellers maintain the pressure, ETH could have a difficult week ahead….

The Hong Kong Securities and Futures Commission (SFC) has issued a warning to investors regarding three entities suspected of engaging in fraudulent activities related to virtual assets or operating without a license. This development comes as Hong Kong aims to position itself as a crypto hub to create an enabling environment to drive development in…

Coinbase has filed lawsuits against the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC), accusing the agencies of trying to cripple the crypto industry. BREAKING: 🇺🇸 COINBASE IS SUING THE SEC, ALLEGING REGULATORS ARE TRYING TO CRIPPLE THE CRYPTO INDUSTRY. pic.twitter.com/bD1B1Vny1r — Bitcoin Magazine (@BitcoinMagazine) June 27, 2024 The lawsuits, filed…

Crypto market intelligence provider IntoTheBlock published a report on Thursday comparing the best risk-adjusted methods to earn yield in the world of decentralized finance (DeFi). Despite the “nearly infinite number of composable strategies” the firm claims its most optimal to stick to “straightforward strategies,” that boil down to “only a handful of different primitives.” The…

In a landmark decision on June 28, 2024, the Supreme Court of the United States, by a 6-3 vote, overruled the longstanding Chevron doctrine, fundamentally reshaping the landscape of administrative law and judicial review. The case, Loper Bright Enterprises v. Raimondo, signals a significant shift in the balance of power between the judiciary and administrative…

Meme coins are at it again. Brett (BRETT) has been turning heads this week, leaving investors wondering if it’s headed for the $0.20 mark. Meanwhile, a new project on Base – Base Dawgz (DAWGZ) – has raised over $2.2 million in its ICO phase and is drawing attention from the masses. BRETT Price Surges &…

The world of Exchange-Traded Funds (ETFs) is about to get a wild new addition: a single product offering investors exposure to both Bitcoin and gold. This brainchild of Tidal Investments and Quantify Chaos Advisors, called the STKD Bitcoin & Gold ETF, takes a novel approach by leveraging both assets for a potentially smoother ride in…