News
Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.
Quick Take The market has not priced in a potential positive shift in crypto regulations if Republican candidate Donald Trump wins the U.S. presidential election, according to Bernstein analysts. Bitcoins’s price reacts positively to perceived improvements in odds for a Republican win, placing faith in Trump’s pro-crypto stance, the analysts said.
Digital asset investment products attracted another $1.35 billion in net inflows last week, bringing their latest positive streak to $3.2 billion, according to CoinShares.“Ethereum seems to have turned a corner,” overtaking Solana as the altcoin with the most inflows year-to-date, CoinShares Head of Research James Butterfill said.
Quick Take Mt. Gox transferred 0.021 BTC to a new wallet earlier this morning. One of the recipient addresses is labeled by Arkham as belonging to Bitstamp. Bitstamp was expected to receive bitcoin repayments for Mt. Gox creditors soon.
- 22:34In the past 24 hours, $110 million in contracts were liquidated across the network, mainly long positionsAccording to Coinglass data, in the past 24 hours, the cryptocurrency market saw a total liquidation of contracts worth $110 million, with long positions liquidated at $77.3813 million and short positions at $32.6548 million. Additionally, the total liquidation amount for BTC was $18.243 million, and for ETH, it was $17.3279 million.
- 22:34Lendn Executive: Bitcoin Mining Companies Should Hold the Bitcoin They MineJohn Glover, Chief Investment Officer of Bitcoin lending company Ledn, stated that Bitcoin mining companies should hold onto the Bitcoin they mine and use it as collateral for fiat loans to cover operational expenses, rather than selling the Bitcoin and losing the potential upside of an asset that miners expect to surge in price. Glover mentioned that holding BTC offers many benefits, including price appreciation, tax deferral, and earning additional income by lending out the BTC held in company bonds.
- 22:34Over the Past 24 Hours, CEX Net Outflow Exceeds 3,000 BTCAccording to Coinglass data, a total net outflow of 3,011.24 BTC from CEX was recorded in the past 24 hours.