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1Metaplanet issues $25 million in bonds to buy more bitcoin following US expansion2Strategy reports Q1 earnings miss, raises 2025 'BTC $ Gain' target to $15 billion3Movement Labs suspends co-founder Rushi Manche following market-making scandal
Ethereum Whale Loses $4 Million Amid Market Downturn
Cryptodnes·2024/08/28 15:48
U.S. Bitcoin ETFs Face $127 Million in Outflows, Ending Positive Streak
Cryptodnes·2024/08/28 15:45
QCP Market Update- 28th August
QCP Capital·2024/08/28 14:57
Can Bitcoin get a green monthly close above $64.3K?
Bitcoin’s summer illiquidity could carry on into September, but lower interest rates could kickstart the real bull market in early 2025, according to analysts.
Cointelegraph·2024/08/28 14:20
3 Altcoins Positioned to Deliver Significant Gains: Algorand, Fantom, VeChain
Cryptonewsland·2024/08/28 14:12
Bitcoin Price Dips to $59,500 as Nasdaq Index Options and CME Futures Stir Market Uncertainty
CryptoNews·2024/08/28 13:21
Bitcoin holdings of publicly listed firms increased to $20B in one year: Data
Cointelegraph·2024/08/28 13:06
Bitcoin's price trend before and after previous U.S. elections consistent: analysts
Around two or three months before the last three U.S. presidential elections, bitcoin’s price has posted a significant drop.However, historical patterns also show that the digital asset consistently rallied in the months after the elections.
The Block·2024/08/28 12:12
Opinion: Ethereum VC’s obsession with infrastructure is dragging down the entire industry
For founders, the bigger the fund, the less you should listen to them.
BlockBeats·2024/08/28 10:26
Flash
- 05:20Data: Approximately 42,525.89 Bitcoins have flowed out of CEX platforms in the past 7 daysMay 2 news, according to the latest data from Coinglass, approximately 42,525.89 Bitcoins have flowed out of CEX platforms in the past week.
- 04:49Overview of Important Developments on May 2nd at Noon1. Sources: The U.S. House of Representatives will release a draft cryptocurrency regulation before the May 6 hearing 2. Metaplanet to issue 3 billion yen zero-coupon ordinary bonds to increase Bitcoin holdings 3. China's Ministry of Commerce: The U.S. has recently proactively conveyed information to China through various channels 4. Riot Platforms: Q1 mining output was 1,530 BTC, with a total Bitcoin holding of 19,223 5. Strategy announced its first-quarter financial report, with a $5.9 billion impairment on Bitcoin reserves 6. Digital asset derivatives company Two Prime: No longer accepting ETH lending, focusing solely on BTC
- 04:45Digital Asset Derivatives Firm Two Prime: No Longer Accepting ETH Lending, Focuses Solely on BTCOn May 2, it was reported that digital asset derivatives company Two Prime announced that despite its success on ETH, it will focus on BTC asset management and lending in the future. The statistical trading behavior, value proposition, and community culture of ETH have failed to the point where participation is not worthwhile. In the scenario where BTC becomes an alternative, the risk-reward of ETH is simply unreasonable. Two Prime claims that as an algorithmic trading company, it values data over narrative. Data shows that ETH has undergone fundamental changes. Its correlation with BTC has decreased, and tail risk has significantly increased. Now, its trading style resembles that of a meme coin rather than a predictable asset. Even during the turbulent period of the first quarter of 2025, Bitcoin maintained its fundamental trend, while ETH experienced multiple standard deviation fluctuations. This stems from a risk-averse environment and widespread selling by long-term ETH holders. This poses problems for algorithmic trading and ETH-backed lending, as the asset's performance is no longer predictable, even considering the high volatility expected in the digital asset market.